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Anderson Metals Corp. has been acquired by Wynnchurch Capital LLC, a Chicago-based private equity firm.
“Our leadership team is excited about this next step for our business,” said Keith S. Anderson and Kent S. Anderson, co-presidents of Anderson, in a letter to customers. “We are completely committed to supporting and serving our customers and business partners, as well as maintaining and building on Anderson's position as a leading manufacturer of brass fittings, valves, pipe nipples and related products for the plumbing, hardware and industrial end-markets.”
Wynnchurch currently manages over $2.3 billion of committed investment capital and has invested in more than 40 companies with combined sales in excess of $5 billion.
“We are dedicated to continuing to provide you with the highest quality and broadest line of products, fastest lead times and industry leading serice,” the Andersons added. “We are committed to continuing our strong track record of success and are confident that, in partnership with Wynnchurch, our future prospects together are even stronger.”