ARCH Precision Components to be sold
ARCH Global Precision announced that its majority shareholder, The Jordan Company, and ARCH have agreed to sell ARCH Precision Components Corp. to funds affiliated with Madison Dearborn Partners LLC.
Terms of the transaction were not disclosed.
“We are pleased to have found the ideal new home and investment partner for the ARCH PC business,” said Eli Crotzer, president and chief executive officer of ARCH who, upon completion of the transaction, will also join the board of directors of the new ARCH PC standalone company. “MDP understands ARCH PC’s business, its customers and the markets it serves, and I am confident that ARCH PC will continue to grow as a newly-independent company. I’m excited for ARCH PC’s next chapter and look forward to helping ARCH PC remain the most innovative precision-machine components manufacturer in its served markets while remaining true to its values, culture and steadfast commitment to its customers.”
ARCH PC is a producer of precision-machined components for world-class manufacturers in the aerospace and defense, transformative technologies and industrial markets. As a standalone company, ARCH PC will pursue a customer-centric growth strategy focused on investing in its capabilities, capacity and people to provide best-in-class service to customers in its specific end markets.
Upon completion of the transaction, ARCH, with the ongoing support of TJC, will consist of its remaining two segments, ARCH Medical Solutions and ARCH Cutting Tools.
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