Ladish Co., Inc. has announced that it it has reached an agreement in principle to acquire Valley Machining, Inc. (Valley). Located near La Crosse, Wisconsin, Valley is a long-standing, proven supplier of precision machined components to Ladish and other aerospace material companies. Ladish expects the transaction to close prior to year-end and will finance the purchase with cash on hand or its revolving credit facility.
Commenting on the acquisition, Kerry L. Woody, president and CEO of Ladish, said, "The acquisition of Valley will be a winning combination for all concerned. Our customers will clearly gain from Ladish adding this precision machining capacity at a time when the aerospace sector continues to trend up. Ladish stockholders will benefit from an immediately accretive transaction.
Valley, as a part of the Ladish family of companies, will have the business and financial support to contribute to future corporate growth.
Woody observed, "We have always been impressed with Valley's service and capabilities. We believe they provide a solid base to meet today's needs as well as an excellent opportunity for strategic expansion." Ladish Co., Inc. is a leading producer of highly engineered, technically advanced components for the jet engine, aerospace and general industrial markets, using forging, casting, and machining. Headquartered in Cudahy, WI, the company has operations in Wisconsin, Oregon, Connecticut, and Poland.