Thresher Industries Acquires Talon Composites
HANFORD, Calif.--Thresher Industries (THRI.PK), a manufacturer of aluminum and composite castings, completed the acquisition of Talon Composites, a manufacturer of premium metal matrix composites. Since announcing the planned acquisition in October, 2006, Thresher has already generated significant attention and customer interest in Talon’s materials.
RJ Easton acted as exclusive financial advisor in the transaction and has elected to become a shareholder in Thresher Industries. “We see Thresher as an exceptional long-term investment,” said Richard Easton, Chairman and CEO of New York investment bank RJ Easton.
Thresher’s manufacturing and sales strength combined with the superior properties of Talons’ patented materials have already generated new, high-revenue contracts and opportunities for expansion. Thresher expects that Talon’s unique materials will become increasingly important in the high growth nuclear, automotive, electronics, robotics, defense, and thermal management sectors.
Robin Carden, President of Talon, will continue under exclusive employment with Thresher. Carden is enthusiastic about the company’s future and explained, “We have several large contracts in the Pacific Rim area on the immediate horizon, and our new technologies have allowed us to penetrate many new markets. Of course, Talon’s patented materials will remain a standard in the nuclear containment and shipping industry.”
Roger Rowell, CFO of Thresher said, “Talon has worked for years to develop the best material available in the nuclear shielding industry. The purchase of Talon gives Thresher direct access to that growing market. We also see applications for Talon’s materials in other high growth industries such as aerospace, defense, and the automotive aftermarket. We believe this acquisition will give us a significant advantage over our competitors.”
About RJ Easton
RJ Easton is a leading advisory firm specializing in the mergers and acquisitions of middle-market companies. RJ Easton excels at bringing the finest businesses to market, creating maximum reward for clients and delivering strategic value to investors. “Look no further than RJ Easton!” –-Dow Jones Newswires www.rjeaston.com
About Thresher Industries
Thresher Industries produces aluminum castings for a variety of market segments, providing high quality conventional aluminum castings and outside services such as machining. A variety of casting finishes allows Thresher to provide value to their customers which exceeds that of conventional aluminum foundries. The alloys used in production processes are recycled aluminum, secondary ingot manufactured through recycling. www.thresherindustries.com
About Talon Composites
Talon Composites produces and markets a range of high performance advanced metal matrix material (“MMC”) products utilizing Talon’s own proprietary technology under the name of Talbor®, as well as Boralyn®, a neutron absorbing material that contains Cogema Logistics technology. These MMCs consist primarily of aluminum and boron carbide and are supplied to the nuclear waste and nuclear transportation industries for neutron absorption applications. Talon’s proprietary processes enable the boron carbide particulates to be dispersed evenly throughout the composite, making it especially suitable to the nuclear industry. Additionally, the high strength of the fine grain structure of Talbor® substantially boosts performance in wet and dry nuclear storage and transportation applications. Talon Composites materials can also be used in a wide variety of homeland security applications, in high-end automotive manufacturing, as well as in high-performance sporting goods. www.taloncomposites.com