Quala-Die sold to Penn United Technologies
October 12, 2016
Quala-Die, Inc., St. Marys, Pennsylvania, USA, a leading producer of tooling for the Powder Metallurgy industry, has been sold to Penn United Technologies, Inc. Terms of the transaction were not disclosed.
Founded in 1978, Quala-Die’s manufacturing facility is said to be one of the most efficient, modern, and well-equipped operations in the powder compaction tooling and precision machining industry today. With approximately 95 employees, the Company will continue to operate in St. Marys under the leadership of Richard and Dennis Schatz and their management team.
“We continue to see significant growth opportunities for powder metal applications across several industrial end markets segments,” stated Rick Schatz, Vice-President and COO of Quala-Die. “Quala-Die is very excited to partner with the highly motivated Penn United Team – this merger will greatly benefit Quala-Die’s employees, customers, vendors and the local community.”
Headwaters MB, an independent investment banking firm providing strategic merger and acquisition advice, advised Quala-Die on its sale to Penn United Technologies. “This partnership will bring tremendous growth as we expand our production capabilities and capacity, and diversify our products and services. We appreciate the role Headwaters played in bringing our companies together,” stated Bill Jones, President of Penn United.
Len LaPorta, Managing Director at Headwaters added, “Quala-Die’s management team did a fantastic job positioning the company for success in the sector. Penn United is the perfect growth partner, and I look forward to seeing the company grow and prosper.”
