Fishercast purchased by Dynacast

Dynacast, the leading global manufacturer of precision engineered, die cast metal and small components, announced today an asset purchase of FisherCast Global Corporation, a manufacturer of high-precision zinc and magnesium components and injected metal component assemblies. "The partnership comes at a perfect time for both companies," explained Dynacast CEO, Simon Newman. "Dynacast will continue to broaden its North American capacity to serve the zinc and magnesium die casting market and to offer additional joining and assembly services through Injected Metal Assembly™ (IMA) technologies."

The acquisition is also significant for FisherCast, who recently sought legal protection under the Companies` Creditors Arrangement Act, due to strained financial resources.

"We were looking for a strong financial partner to secure the future of FisherCast and we`ve found it," said Bob Espey, FisherCast`s President. "Dynacast has the financial stability and operational experience to secure our success well into the future."

Throughout the transition, the top priority for both companies will be to continue to operate FisherCast`s Peterborough facility without disruption of supply or service to its customers. FisherCast customers will benefit from expanded supply opportunities and advanced support services through Dynacast`s 18 international facilities, as well as the addition of aluminum as a metal choice and additional zinc technologies for die casting business solutions.

Dynacast sees the acquisition of the FisherCast organization as a natural extension of its core business. The acquisition also diversifies Dynacast`s international customer base and supports its strategic plans for growth and expansion. Under Dynacast ownership, FisherCast will operate as a separate business unit and will continue to offer its full range of products and services.

"By combining the expertise and resources of both companies, we will create expanded choices in materials, equipment and technologies for all customers," said Newman.

FisherCast produces net shape, flash-free zinc and magnesium alloy die cast components for OEM`s in the global automotive vehicle, industrial control, appliance, electronic component, power tool, hardware and telecom market sectors. The FisherTech division develops joining and assembly solutions using its proprietary Injected Metal Assembly™ (IMA) technology, which is also used for the termination of wire and cable.

Dynacast is a global manufacturer of precision engineered, die cast metal components with facilities in North America, Europe and the Asia Pacific region. The company`s products are manufactured using proprietary multi-slide, die casting technology and are supplied to a wide range of markets, including automotive, healthcare, telecommunications and consumer electronics. Dynacast, owned by Melrose PLC of London, is focused on achieving growth organically and where possible through selected acquisitions.