Wynnchurch Capital acquires Inverness Castings Group from Atchison Casting Corp.Wynnchurch Capital, Lake Forest, Ill., acquired Inverness Inverness, town, Scotland Inverness (ĭn'vərnĕs`), town (1991 pop. 39,736), Highland, N Scotland, on the Moray Firth at the mouth of the Ness River. Castings Group, Dowagiac, Mich., an aluminum diecaster servicing the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , from Atchison Casting Corp., Atchison, Kan., in October. Inverness will continue its focus on producing highly-engineered aluminum castings along with value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. machining and assembly for the automotive industry. The company has 230 employees and its operations will remain in Dowagiac. "We are very excited about launching our new company, building upon the quality reputation that we have established with our customers and in the industry." said Jim Partlowe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Inverness Casting Group. "With Wynnchurch's support, we are better positioned to serve the needs of our customer base, which are predominately automotive manufactures and tier-one suppliers." |
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