Wynnchurch acquires Anderson Metals
Wynnchurch Capital announced that it has completed an investment in Anderson Metals Corporation Inc.
Headquartered in Kansas City, Missouri, Anderson is a manufacturer of brass fittings, valves, pipe nipples and related products to the plumbing, hardware and general industrial end-markets
"Anderson has built an outstanding reputation and strong leadership position in its industry during the past 70 years. We feel very fortunate to partner with Keith and Kent Anderson going forward," said Chris O'Brien, managing partner at Wynnchurch. "In addition, we believe this is an ideal opportunity for Paul Ciolino, a Wynnchurch operating partner and former CEO of US Pipe, to work with management and leverage his leadership, industry expertise and relationships to take Anderson to the next level."
Greg Gleason, managing director at Wynnchurch added, "We are excited to invest in Anderson and to build on the company's history of success. We believe that Anderson's focus on providing customers with industry leading quality, availability and service, combined with Wynnchurch's experience, positions Anderson to be a strong platform for growth."
"We are thrilled to partner with Wynnchurch at this important point in Anderson's history. With new capital, resources, support and tools, we are confident the future for Anderson has never been brighter," said Kent Anderson.
Keith Anderson added, "We knew right away that Wynnchurch was the right partner. We are excited to work closely with Paul and the team to significantly grow the business both organically and through acquisitions."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
