Precision metal manufacturer Dynacast, which operates 23 manufacturing facilities in 16 countries around the world, recently purchased Tek-Cast Inc./MH Machining Group of Bensenville, Illinois.
Dynacast's main activities in North America are multi-slide zinc, aluminum capacity and CNC machining. The global company is headquartered in North Carolina and operates a facility in Elgin.
“Dynacast has a rich history of continuously refining our proprietary manufacturing technologies, in-house tooling expertise and innovative design processes," Dynacast Chairman and CEO Simon Newman said. "It means that today, we can manufacture highly complex metal components in a fast, repeatable and precise manner. We look forward to bringing added insight and capabilities to Tek-Cast’s customers. Additionally, this acquisition is the first step of many more to come over the next year or two.”
Dynacast officials said plans are for the company to have $1.5 billion to $2 billion in assets over the next three to five years.