Wisconsin Aluminum Foundry Acquires ATEK
AFS Corporate Member Wisconsin Aluminum Foundry (WAF) has acquired ATEK Metal Technologies of New Hampton, Iowa. The acquisition expands WAF’s current operations while deepening its reach into key markets including motorsports, transportation, agriculture and the medical industry.
“We’re excited about this acquisition and are feeling a bit nostalgic as we welcome ATEK to the WAF family,” said WAF CEO Sachin Shivaram. “ATEK is a key supplier to leading motorcycle manufacturer, Harley-Davidson. More than 100 years ago, Harley was among WAF’s foundational customers in the early 1900s and, with this acquisition, we’re pleased to have this story come full circle.”
With 220 team members, family-owned ATEK specializes in low-pressure permanent mold castings and tilt-pour molding.
“For more than 50 years, we’ve worked to build ATEK into a go-to manufacturer for several key industries and companies,” said Mark Osmanski, CEO of ATEK Companies. “Making the decision to sell ATEK was not an easy one but, after meeting with WAF leadership, it was clear that the company and team would be in good hands. We couldn’t ask for a better company to take ownership.”
“Not only is the team at ATEK skilled and dedicated, but the products it makes complement our current offerings, making this a natural fit,” Shivaram added. “Ultimately, we are focused on establishing the Northern Midwest as the place for high-quality aluminum castings.”
WAF is in the midst of a $25 million expansion in Manitowoc to add capacity in gravity pour permanent mold casting, 3D sand printing, and low-pressure permanent mold casting.