• 
  Bimetallic
  Barrels
• 
  Induction
  Barrel
  Heating
• 
  Melt
  Pumps
• 
  High
  Performance
  Screws
• 
  Screen
  Changers
• 
  Pelletizers
• 
  Heat
  Transfer
  Rolls
• 
  Cleaning
  Ovens

Xaloy Changes Hands

NEW CASTLE, Pa. (Oct. 24) – Industrial Growth Partners (IGP), a San Francisco-based private investment firm specializing in industrial manufacturing companies, has acquired Xaloy Inc. and its global affiliated companies from Baird Capital Partners, Milwaukee.

Ron Auletta, new president and CEO of Xaloy

Bob Tunno of IGP will become chairman of the board of Xaloy. Ron Auletta will succeed Walter Cox as president and CEO, effective Nov. 1. Mr. Cox will continue as a board member and investor in the company.

All other key members of the Xaloy management team will remain in their current capacities, including Tim Womer, chief technical officer; and Randy Pearson, president of Xaloy North America.

“Thanks to Walter for his crucial role in helping build Xaloy from a one-plant operation into a global leader in melt delivery systems; we are pleased that he will continue in a board capacity to help execute Xaloy’s future growth strategy,” Mr. Tunno said.

He added: “Ron Auletta has a unique blend of energetic leadership, extensive manufacturing expertise and a genuine focus on the customer. He will complement the tremendous talent that already exists at the company.”

Prior to joining Xaloy, Mr. Auletta was CEO and president of GED Integrated Solutions, Inc., a global supplier of automated equipment and software solutions for manufacturing windows, doors and photovoltaic panels.

Formed in 1997, IGP’s principals have invested approximately $1.2 billion of equity capital in middle-market manufacturing companies and have participated in more than 135 debt and equity transactions totaling over $30 billion. The firm has an outstanding track record of managing growth successfully and creating shareholder value.

Xaloy is the world's leading manufacturer of components and melt delivery systems for plastics molding and extrusion machinery. The company supplies bimetallic barrels, high-performance screws, melt pumps, screen changers, pelletizers, heat-transfer rolls, and cleaning ovens. The company has plants in the U.S., Germany and Thailand and a network of sales agents around the globe.

10/24/08

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