KPS sold AmeriCast Technologies, Inc. to Castle Harlan, Inc., for $110 million in November 2006. Financial terms of the transaction were not disclosed.

Headquartered in Atchinson, Kansas, AmeriCast Technologies, Inc., (“AmeriCast”) is a world leader in the design, manufacture and supply of highly-engineered steel and iron sand castings, machined components and assemblies. AmeriCast casts large and difficult-to-manufacture parts and is a critical supplier to Fortune 50 manufacturers in the locomotive, mass transit, mining, construction and heavy-duty truck industries. With over 1,000 employees, AmeriCast operates four manufacturing facilities and one service organization across the country.

 


KPS Special Situations Fund II created AmeriCast to purchase certain operating assets of Atchison Casting Corporation, pursuant to a section 363 sale of assets in a Chapter 11 bankruptcy proceeding.

Very important to the success of the investment was the support of the United Steelworkers Union and the Glass, Molders and Pottery Workers Union.


© Copyright 2017, KPS Capital Partners, LP.  485 Lexington Avenue, 31st Floor, New York, NY 10017  |  www.kpsfund.com  |  Contact Us

The information set forth in the materials on this site does not purport to be a complete summary of KPS or its investments. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in such materials. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Any information presented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS.  Any performance information included in any document on or linked to from this site is presented for illustrative purposes only and is not indicative of the future returns of any of the funds managed by KPS and there can be no assurance that such funds will achieve comparable results, be able to avoid losses or be able to implement their investment strategies.