Capstone Partners advised Hazelett Strip-Casting Corporation on its sale to the EBNER Group. Terms of the deal were not disclosed.
Hazelett Corporation is a global leader in the design and manufacture of continuous metal casting machines. Hazelett’s technology is used in metal manufacturing processes worldwide to cast aluminum, copper, zinc, and lead into metal strip and bar used to create countless products. The company is fully integrated with complete in-house engineering, manufacturing, R&D, and technical services, and it is engaged in research, engineering, design, testing, and the manufacture of its twin-belt casters, related equipment, and parts.
We were a 100-year-old company and wanted to sell a majority interest. Capstone represented us well to a speedy and successful outcome.
Together, they will offer a wide range of furnace facilities, upstream and downstream auxiliary equipment, project management, and services to the aluminum, steel, and copper base metals sectors. With the acquisition of Hazelett, the EBNER Group will be able to offer complete process lines to the aluminum flat-rolled products industry featuring Hazelett twin-belt continuous casting technology.
David Hazelett, President at Hazelett, commented, “As family-owned businesses, Hazelett and EBNER have the freedom to take a longer view; one that encourages investment in research and development, building long-term relationships, and preserving our environment.”
Doug Usifer, Managing Director at Capstone, said, “We were honored to represent Hazelett on their sale to the EBNER Group. Hazelett has an impressive and storied industrial heritage, and EBNER was the perfect partner for Hazelett in their next chapter of growth.”
EBNER Group CEO, Robert Ebner, commented, “From the first time I met David Hazelett it was clear to me that we share many of the same values. To invest in research and development, to always be one step ahead of your competition, to build the equipment inhouse, to serve your customers first class world-wide and to have a dedicated team of experts around you who believe in the same values.”
EBNER is a global company and market leader in heat treatment facilities for the semi-finished metal products industry. EBNER specializes in the research, development, fabrication, installation, and commissioning of heat treatment facilities for the ferrous and non-ferrous industries using the most environmentally friendly and energy-efficient technologies.