Aarrowcast is a case where a successful business with a particularly rare asset needed capital support to upgrade and expand capacity.
Aarrowcast is a leading provider of ductile iron castings, specializing in large, complex castings that rely upon sophisticated metallurgy. Aarrowcast operates three separate molding lines, including the largest automated green sand flask in North America, the Georg Fischer line, which is also the second largest such flask in the world. The company operates from its single plant location in Shawano, Wisconsin and casts products for equipment in the agriculture, off-highway heavy truck, military and construction markets.
Aarrowcast’s management had begun to execute on a complex capital expenditure plan designed to increase manufacturing capacity and upgrade certain pieces of aging equipment. The company was operating at full capacity, but had already booked additional business in anticipation of the capacity increase. They sought funding resources to support their capital investment plan.
In Aarrowcast, we saw a leading manufacturer with a rare asset in the foundry industry – the Georg Fischer line, which has a flask size and degree of automation that only a few competitors worldwide can replicate. The company’s foundry assets were well maintained and in very good condition.