Family-owned Astro Shapes sold
STRUTHERS — A New York City-based private investment firm has acquired Astro Shapes LLC, a maker of custom-finished aluminum extrusions.
Monomoy Capital Partners on Monday announced the acquisition but did not disclose terms of the transaction.
Astro Shapes, a family-owned business founded in 1971 by Bob Cene Sr., has grown into a company that operates computerized extrusion presses capable of creating shapes from aluminum billets of 6, 7 and 8 inches in diameter, according to a news release.
It creates custom extrusions in more than 14,000 shapes and sizes in painted, thermal, anodized and other finishes for recreational vehicles, residential windows and doors, commercial windows and doors, medical applications and capital equipment.
The company, led now by Cene’s son, Paul Cene, employs nearly 700 people at three manufacturing locations.
“Astro Shapes is a proven, highly regarded supplier to a diverse customer base, a true partner with its suppliers and well-positioned for continued success in the future,” said Jaime Forsyth, a Monomoy managing director. “Monomoy is excited to work with the Astro Shapes management team and to collaborate with the company to drive long-term value for its customers, suppliers and employees.”
Monomoy is a private investment firm with $1.7 billion in committed capital that invests in middle-market businesses in the manufacturing, industrial, distribution and consumer products sectors.