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Charter Manufacturing acquires Niles Iron & Metal Company to strengthen metals industry presence

PRIVATEJul 30, 2024

Acquiring Company

Charter Manufacturing

Acquired Company

Niles Iron & Metal Company

MequonNilesManufacturingManufacturingMiningPrecious MetalsSales

Description

Brown Gibbons Lang & Company (BGL) announced the sale of Niles Iron & Metal Company to Charter Manufacturing, a family-owned group of differentiated metals manufacturing businesses. This partnership brings together two family-owned companies with a combined 200+ years of experience in the metals sector, allowing both companies to continue their family legacy while benefiting from existing synergies between Niles Iron and Charter Manufacturing.

Quick answer

Charter Manufacturing is acquiring Niles Iron & Metal Company, announced July 30, 2024. Charter Manufacturing is based in Mequon, Wisconsin, United States.

How much did Charter Manufacturing pay for Niles Iron & Metal Company?
The deal value was not disclosed.
What does Charter Manufacturing do?
Charter Manufacturing is a family-owned group of differentiated metals manufacturing businesses founded in 1936.
Where are Charter Manufacturing and Niles Iron & Metal Company based?
Charter Manufacturing is based in Mequon, Wisconsin, United States. Niles Iron & Metal Company is based in Niles, Ohio, United States.
Who are the decision-makers at Charter Manufacturing?
Fundz holds 1 contact at Charter Manufacturing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Charter Manufacturing

Location

Mequon, Wisconsin, United States

About

Charter Manufacturing is a family-owned group of differentiated metals manufacturing businesses founded in 1936. The company employs more than 2,300 employees across its corporate location and businesses – Charter Aarrowcast/Charter Dura-Bar, Charter Steel, Charter Wire, and Niles Iron & Metal.

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Frequently asked

Who acquired Niles Iron & Metal Company?

Niles Iron & Metal Company was acquired by Charter Manufacturing, based in Mequon. The deal was reported on July 30, 2024. Charter Manufacturing is a family-owned group of differentiated metals manufacturing businesses founded in 1936. Charter Manufacturing is privately held and operates in Manufacturing.

When did Charter Manufacturing acquire Niles Iron & Metal Company?

Charter Manufacturing's acquisition of Niles Iron & Metal Company was reported on July 30, 2024. Brown Gibbons Lang & Company (BGL) announced the sale of Niles Iron & Metal Company to Charter Manufacturing, a family-owned group of differentiated metals manufacturing businesses. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Niles Iron & Metal Company do?

Niles Iron is a leading regional scrap metal recycler, strategically located to serve wide supplier bases and consumers throughout the Midwest and Northeast. It is privately held, operating in Manufacturing, and is based in Niles.

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