Whitcraft Enterprises, Inc. Purchases Assets of Acme Industrial, Inc.
The Principals of True North Strategic Advisors, LLC advised Whitcraft Enterprises, Inc. DBA, Precise Manufacturing on its acquisition of the assets of ACME Industrial, Inc, Columbia City, IN. The transaction was effective March 17, 2010. The acquisition by Precise broadens its operational skill sets and its customer and vendor base. The acquisition will also continue to strengthen Precise’s ability to provide manufacturing excellence, customer service and support that have characterized the Company’s long history. John Whitcraft, the President and Owner of Precise stated, “We are extremely pleased to add ACME’s skill set to the Precise organization. By utilizing the strengths of both companies, we look forward to building on our strong customer relationships and our continued commitment to customer service through on time delivery of quality precision machined parts that meet or exceed our customer’s expectations.”
Precise Manufacturing is an ISO 9001 and Q9001-2000 OEM supplier of precision machined products. Located in Fort Wayne, Indiana, Precise is a privately-held business providing high quality products and services to the defense, electronic and fuel dispensing industries for over 80 years.
Precise’s products include a wide variety of precision machined parts produced from multi-axis CNC lathes, horizontal/vertical machining centers and screw machines. Precise has machining experience with a broad variety of materials including castings, carbon and stainless steels, brass and aluminum. The acquisition of ACME will add additional horizontal/vertical machining center capacity, as well as Swiss machining capabilities.
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. were the lead strategic and financial advisors to Whitcraft Enterprises, Inc. in this transaction. The transaction was effective March 17, 2010. In order to assist True North with securities related transactions, including capital raises, its principals are registered investment banking agents of Burch & Company, Inc, member FINRA/SiPC. Burch and True North are not affiliated entities.