American Metal Technologies LLC, Sturtevant, Wis., has acquired Xenia, Ohio-based Kotobuki-Reliable, according to the Milwaukee Biz-Times. The die caster manufactures precision machined aluminum parts in a variety of alloys.
AMT is a precision machining company with customers in the automotive, truck and off-highway markets. Its owners are pursuing vertical integration targeting high-pressure aluminum die casting firms, with the help of Milwaukee-based investment bank Promontory Point Capital.
The acquisition reportedly will allow AMT to have greater influence over the sourcing and quality of its aluminum casting requirements while improving its relationships with key customers, according to Promontory Point, which evaluated acquisition candidates and served as financial advisor in the transaction.