Red Arts Capital Acquires KKSP Precision Machining, LLC and Add-On Hy-Production, Inc. [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
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Source: Yahoo! Finance
CHICAGO, December 19, 2024 BUSINESS WIRE )--Red Arts Capital ("Red Arts"), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the acquisition of KKSP Precision Machining, LLC, ("KKSP"), a premier North American producer of custom turned metal components. This acquisition marks Red Arts' entry into advanced manufacturing, leveraging its deep expertise to expand into a strategically aligned domain. Red Arts' investment recapitalizes KKSP to support the company's continued growth and innovation, including KKSP's acquisition of Hy-Production, Inc. ("Hy-Pro"), a vertically-integrated, industry-leading contract manufacturer specializing in highly complex, mission-critical precision-machined components and value-added assemblies primarily serving the industrial, agricultural, construction, and mobile hydraulics markets. KKSP is led by one of Red Arts Capital's Senior Operating Partners, Nelda Connors, who serves as KKSP's Chairwoman
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