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Article: Castle Harlan Completes $288 Million Sale of AmeriCast Technologies to Bradken.(Company overview)
- Article from:
- Investment Weekly News
- Article date:
- August 18, 2008
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Castle Harlan, Inc., the New York private equity investment firm, said it has completed the sale of AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken, Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries.
Castle Harlan and Bradken had announced that they had agreed on the transaction, which is valued at approximately $288 million. AmeriCast's 11% notes due 2014 will remain outstanding after completion of the transaction, in accordance with the terms of the indenture governing the notes.
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