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Charter Manufacturing has acquired Aarrowcast, Inc., a Shawano, Wis.-based privately held company and a manufacturer of high-quality gray and ductile iron castings.
“As a growth company, we continually evaluate opportunities to enhance our business,” said John W. Mellowes, CEO of Charter Manufacturing. “This acquisition expands our metals manufacturing offerings and will increase diversification of both our customer base and end markets.”
Aarrowcast is a premier green sand foundry, offering a broad range of complex iron casting solutions to leading OEMs and Tier 1 supplier customers across a broad set of industries, including agricultural equipment, compressors/ hydraulics, defense contractors, construction and mining, heavy-duty off-road vehicles and more. The company produces an estimated 85 million pounds of castings annually to more than 100 different customers in various industrial sectors.
“Becoming part of Charter Manufacturing is a good strategic and cultural fit for Aarrowcast,” said Randy Brull, President and CEO of Aarrowcast. “Both companies are passionate about metals manufacturing and are committed to customer service, product innovation and growth. We are excited about working together and what the next chapter will bring.”
Aarrowcast will operate as Charter Aarrowcast, joining Charter’s existing family of leading metals manufacturing businesses – Charter Automotive, Charter Dura-Bar, Charter Steel and Charter Wire. Brull will continue to lead the Aarrowcast business.
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