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Advanced Global Technologies Acquires MD Casting
Advanced Global Technologies acquired MD Casting Inc. from Atrium Companies Inc. in a transaction effective the last day of 2006. Fort Worth, TX-based MD Casting specializes in the manufacture of zinc die-casting, metal stamping and injection molded components for use in the window and door and industrial markets. The company did not disclose terms of the deal.
“[This acquisition] enables us to blend AGT’s offshore manufacturing expertise with MDC’s domestic manufacturing expertise, which in turn will mean greater value for our customer base,” said Rick Lipski, president and CEO of AGT, in a company press release. “In addition, MDC will support AGT’s offshore supply with domestic manufacturing and warehousing to assure our customers a continuous, uninterrupted supply of product.”
The acquisition also expands AGT’s existing product offerings to include patio hardware, rollers, casement hardware and specialty components, Lipski said.
AGT, with offices in Mount Laurel, NJ, and Shanghai, China, provides global sourcing and procurement services to domestic manufacturers. Its core products include aluminum and vinyl extrusions, screen cloth, and die-cast, forged, injection molded and stamped components to the fenestration industry.
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