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Home > News > Company News > Ferriere di Stabio purchases Anderson Manufacturing

Ferriere di Stabio purchases Anderson Manufacturing

By CFM , 2018-05-17 09:37:08

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An international metals company with operations in Switzerland, France, Italy, China, Brazil, Mexico and the United States has purchased Anderson Manufacturing, a specialty manufacturing business based in Bristol, Wisconsin. Ferriere di Stabio (FdS) is a privately-held leading European manufacturer of stainless steel, special alloys and standard and special bolts, serving the automotive industry and others. The purchase of Anderson was completed in early April.

Anderson was founded in 1976 and sold in 2015 when the original owner retired. It was then purchased by a private equity firm and was part of a failed roll-up strategy before the owners of Big Shoulders Capital purchased it in 2017. David Muslin and Todd DiBenedetto invested new capital into the company and kept it operating profitably. Anderson Manufacturing operates a 52,000-square-foot facility where it runs three shifts daily. In addition to the automotive industry, it provides engineered fasteners and components for the electronics, medical, furniture, battery, appliance, housewares and hardware industries.

Ferriere di Stabio is part of a larger world-wide group of companies which includes Novametal SA, a manufacturer of metal alloy wires, and Cogne Acciai Speciali, one of the world's leading producers of stainless steel bars, wire rods and other products.

Source: Steel Guru

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