TRM Equity acquires all assets of Elyria Foundry and Hodge Foundry
TRM Equity has acquired Elyria Foundry and Hodge Foundry (Elyria, Ohio), a company specializing in ductile iron castings up to 200,000 pounds and serving many markets including defense, oil and gas, construction equipment and mining. Elyria Foundry has operated since the early 1900s and has developed a strong technical and metallurgical team that drives its success.
“The foundry industry has been under considerable pressure over the last few decades, and we have focused on the companies with unique positions and capabilities in their space,” said Jeffrey Stone, managing director for TRM Equity. “Elyria Foundry has range to produce very large castings and the depth of technical talent to solve problems for its customers. We look forward to partnering with the Elyria Foundry team to navigate through a challenging environment and continue to be a valued resource to its customers far into the future.”