History

Our History of Success

A HISTORY OF SUCCESS

1987
Connell commences operations with the acquisition of the former industrial products businesses of Ogden Corporation by William F. Connell. These businesses included Wabash Alloys, Luria Brothers, Danly Machine, Danly Die Set, Mayville Metal Products and Yuba Heat Transfer.

1989
Connell acquires the combined business of IEM, ltd. and combines it with its Danly Die Set division. The new Company is named Danly IEM and becomes a leading manufacturer of die sets, die making supplies and components for the U.S. metal stamping industry.

1997
Connell divests of Luria Brothers, a company serving customers principally in the steel and auto industries. Connell grew Luria’s sales during its ownership period from $255mm to $517mm.

2001
Connell divests of Mayville Metal Products, a contract manufacturer serving the computer, data storage and telecom industries. Connell grew Mayville’s sales during its ownership period from $40mm to $171mm.

2003
Connell acquires the assets of Lempco and combines it with its Danly IEM division. Lempco is an internationally recognized manufacturer of die sets and guidance systems for the metal stamping and plastic mold industry.

2004
Connell enters into a 63% owned joint venture with Dong Feng in China. Connell Asia Limited L.L.C. operates within Connell’s Danly IEM division and supplies quality components for dies and molds, serving the metal stamping and plastic mold industries in Asia.

2005
Connell acquires the Ecolaire business of Alstom Heat Exchange and combines its operations with Yuba Heat Transfer to form Yuba Heat Transfer LLC, a global power industry supplier.

Connell acquires Anchor Lamina, Inc., a leading international manufacturer and distributor of high quality die sets, die components, steel plates and metal fabrications used in the production of tools, dies, molds and equipment for metal working and plastics injection molding. Connell combines these operations with Danly IEM to form the Anchor Danly Company.

2007
Connell divests of Wabash Alloys, North America’s leading supplier of secondary aluminum alloy, serving customers in the automotive and industrial products industries. Through acquisitions and organic growth, Connell more than tripled the revenues of Wabash Alloys during it’s ownership period from $298mm to $917mm.

2008
Connell acquires the operations of Dayton Progress Corporation, a global industry leader in the production of punches, pilots, die buttons, retainers, and other metal stamping tools serving customers in the automotive, housing, plastics, appliance, and ammunition industries.

Connell acquires the operations of PCS Company, a global industry leader in the production of mold based products.

Connell acquires AIP Punch, a punch manufacturer principally serving the automotive industry, and combines it’s operations with Dayton Progress Corporation.

2009
Connell divests of Yuba Heat Transfer L.L.C. a leading supplier of heaters and condensers in North America and emerging markets. Through acquisitions and organic growth, Connell grew Yuba’s revenues from $27mm to $124mm.

2011
Connell acquires Lane Punch Corporation, a punch manufacturer principally serving the automotive industry, and combines it’s operations with Dayton Progress Corporation.

2012
Connell divests of Dayton Progress Corporation and the components business of Anchor Danly Company.

2013
Connell acquires the assets of East End Welding, a leading US manufacturer of metal fabrications serving customers in the energy, rail transportation, mining, industrial machinery and construction industries.

2015
Connell acquires the assets of AWC Manufacturing, a leading Canadian based manufacturer of metal fabrications serving customers in the energy, rail transportation, mining, industrial machinery and construction industries.

Connell acquires SencorpWhite, a market-leading custom manufacturer of thermoforming and packaging machines, and automated inventory storage and retrieval systems, serving customers in the aerospace, retail, medical and pharmaceutical industries.