IGC Technologies transaction announcement
MILWAUKEE, WI – December 7, 2006: Brass Ring Capital, Inc. is pleased to announce the acquisition of IGC Technologies, Inc. (www.igctechnologies.com) in partnership with company President, Ralf Schönfelder, and Lewis & Clark Private Equities, LP. M&I Bank played a lead role in the transaction.
Founded in 1982 by John Brander, IGC formulates, blends and distributes ingredients utilized primarily by the metal casting industry. The Company produces a variety of branded products such as core additives, coatings and fluxes that help foundry and manufacturing company customers more efficiently produce high quality castings and reduce operational costs. IGC’s flagship formulation, Veinseal® reduces casting defects typical in gray and ductile iron castings, resulting in a significant reduction of labor necessary to finish castings. The company serves customers in a variety of industries domestically and internationally.