Monomoy Capital Partners, a private investment firm with $1.7 billion in committed capital that invests in the debt and equity of middle-market businesses, announced today that it has acquired Astro Shapes LLC, a leading manufacturer of custom-finished aluminum extrusions in the Midwest and Northeast United States. Terms of the transaction were not disclosed.
Astro Shapes is a family-owned business founded in 1971 by Bob Cene, Sr. and is currently led by Paul Cene, Bob’s son. Over the past 50 years, Astro Shapes has grown into a company that operates computerized extrusion presses capable of creating cutting-edge shapes from aluminum billets of six, seven and eight inches in diameter. The company also creates custom extrusions in more than 14,000 unique shapes and sizes in painted, thermal, anodized, and other finishes for RVs, residential windows and doors, commercial windows and doors, medical applications and capital equipment.
The company is headquartered in Struthers, Ohio, and has three manufacturing facilities operated by nearly 700 employees. The company maintains significant market share in the Midwest and Northeast and said it is “committed to excellence in quality and customer service through continuous improvement and employee engagement.”
“With the help of Jim DiBacco and my brother, Bob Cene Jr., it is a privilege to have built upon and lead the business my father started almost 50 years ago, and I am confident that the company will enjoy a bright future under Monomoy’s ownership,” Paul Cene said.
