NEW CASTLE, Pa., March 22, 2006 – Xaloy Inc., a portfolio company of Baird Capital Partners, has expanded its product line for the plastics industry with the acquisition of the Dynisco Extrusion business unit of Dynisco LLC. This acquisition supports Baird Capital Partners’ strategy of building Xaloy as a leading global supplier of melt delivery systems.
The acquisition adds gear pumps, screen changers, cleaning ovens and water ring pelletizers to Xaloy’s line of high-performance screws, bimetallic barrels and heat-transfer rolls used in extrusion processes.
Following the acquisition, Xaloy is consolidating sales and service of all of its extrusion equipment in a new business unit, Xaloy Extrusion, based in Hickory, N.C. Randy Pearson, the former president of the Dynisco Extrusion business unit, heads up the new Xaloy unit.
“This acquisition makes Xaloy an even stronger supplier and resource for the extrusion industry,” said Walter Cox, president and CEO of Xaloy.
Pearson elaborated, saying, “The merger combines the extrusion technology and engineering expertise of two leaders in their respective fields.”
“The combination creates a strong melt delivery system player well positioned to meet customer needs,” agreed Andrew Brickman, a Partner with Baird Capital Partners.
Manufacturing, laboratory, spare parts and other operations in North Carolina and Heilbronn, Germany are included in the acquisition. The Heilbronn operations, now co-located at a Dynisco site, will be moved to a nearby location in Germany at a later date.
In addition to complementing Xaloy’s product offering, the acquisition fits well with Xaloy’s global reach. Xaloy now manufactures equipment in Germany as well as Thailand and the United States. Dynisco Extrusion’s sales offices in Germany and Italy complement Xaloy sales and service locations in Japan, Thailand, China, India and Germany. Xaloy also has a network of independent agents throughout the world.
Xaloy is the global leader in machine components and sub-systems for the plastics industry. The company developed the world’s first wear-resistant bimetallic barrels in 1938 and maintains global leadership in that field. A major player in screws since 1988, Xaloy strengthened its position in high-performance screws and became a manufacturer of heat transfer rolls with the acquisition in 2003 of New Castle Industries, New Castle, Pa.
For more information about Xaloy Extrusion’s products and services, please call 828-326-9888 or visit www.xaloy.com.
Dynisco LLC, the former owner of Dynisco Extrusion, based in Franklin, Mass., will continue to operate independently. Dynisco provides analytical instrumentation and sensing technologies to industrial applications, with an emphasis on the plastics and rubber industries. The Company has manufacturing facilities in the United States, Germany and Malaysia. For more information about Dynisco, visit the company’s website at http://www.dynisco.com.
About Baird Private Equity
With more than 40 investment professionals in the United States and Europe, Baird’s global private equity business has raised and managed $1.7 billion in capital. Baird Capital Partners provides change-of-control and growth capital to U.S.-based, middle-market companies in the Business Services and Manufactured Products sectors. Baird Venture Partners makes venture capital investments in early- to growth-stage companies in the Business Services and Healthcare/Life Sciences sectors. Granville Baird Capital Partners is a long-established private equity manager targeting mid-market growth companies in the UK and Germany with a focus on the Business Services, Healthcare and Manufactured Products sectors. Baird Private Equity also has an operating team located in three offices in China, focused on facilitating and executing Asia sourcing, manufacturing and distribution opportunities for portfolio companies. The group’s investments are supported by Baird’s full range of financial advice, operating expertise and industry research, providing a unique full-service approach to the entire private equity investment process. For more information, please visit www.bairdcapitalpartners.com.