Interstate Southwest LTD (ISW) announced that Ellwood Group Inc. has acquired the company from Balmoral Fund and senior management in a stock transaction effective Aug. 31. Navasota, Texas-based ISW is a leading provider of closed-die steel forgings from 10-3,000 pounds. It specializes in large components with complex geometries utilizing a variety of large forging hammers (up to 50,000 pounds) and mechanical presses (up to 7,000 tons). ISW also provides additional value-added services such as heat treating and machining. Ellwood Group, based in Ellwood City, Pa., has a number of companies involved in the open- and closed-die forging business, including Ellwood Texas Forge in Houston.
ISW will now operate under the name of Ellwood Texas Forge Navasota. Mark Cianci, president of Ellwood Texas Forge, will assume leadership of ISW. According to Ellwood Group, ISW’s capabilities will expand what Ellwood currently offers its existing customers. ISW also brings new products and customers to Ellwood.
Interstate Southwest Sold to Ellwood Group
September 23, 2008