ASB Industries, Inc.
Company Description
ASB Industries, Inc. is a leading provider of thermal spray coating services and advanced surfacing technology. Since its founding in 1946, the Company has offered a variety of surface treatments that can dramatically improve a product’s performance and extend its working life, ultimately improving customers’ operational efficiencies and reducing maintenance costs. The Company offers turnkey thermal spray, cold spray, and plasma spray coatings, as well as welding, machining, and grinding services for clients across North America and Mexico.
Services Provided
MelCap Partners served as ASB’s exclusive investment banker and financial advisor in the sale of the Company. We would like to thank the Shareholders at ASB, Al Kay, John Lindeman and Charlie Kay for hiring MelCap Partners to represent them in this important transaction. It was an honor and pleasure to work with them through this exciting process.
Result
In an effort to provide the Shareholders with liquidity, and to continue to support ASB’s strategic growth plans, MelCap was able to successfully identify the ideal buyer for the business. As a result, ASB was sold to Hannecard, headquartered in Belgium. Founded in 1896, Hannecard is one of Europe’s leading suppliers of industrial roller coverings in rubber, polyurethane, composite and carbide, and thermal spray. With over 20 production sites in 16 countries and 5 continents, Hannecard offers a wide range of other services, including roller maintenance, roller repair, HVAF, and HVOF thermal spray to the roller, printing, and paper and tissue industries. Partnering with Hannecard will create the perfect opportunity for ASB’s continued growth and expand ASB’s offerings to its customer base.
Client Quote
"The MelCap Partners team provided exceptional attention to understand our Company, studying our market to identify strong buyers then giving guidance, presenting options, and explaining complex steps to reach our final goal. Efforts given by MelCap are exceptional, sincere, and realistic, giving their confidence and experience with direct and timely communication while keeping us on track. MelCap was highly recommended to us and without question, their honesty and integrity are the core of the professionals at MelCap for continued success."
Al Kay,
President of ASB Industries, Inc.
Providing the Services Business Owners Need for Over Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Category: Industrials, Sell-Side M&A