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Die maker EDI sold to private equity group

US headquartered flat die maker Extrusion Dies Industries (EDI) has agreed to be bought by Bertram Capital, a California-based private equity firm, for an undisclosed figure. The deal is expected to close by year end.

Bertram Capital buys the company from a group headed by four investors who engineered a management buyout of the company in 2003.

Three of these investorsTimothy C Callahan, Christopher W Curtin, and Ronald J Kuhnenassumed board member positions and turned over daily operations of EDI to an established management team in 2008 headed by the fourth investor John A Ulcej.

Ulcej will remain at EDI in a leadership position after the change in ownership.

The management team that has been key to EDIs success in recent years will stay in place, as will our 240 employees in the US, Europe, and Asia, Ulcej said.

Over the past seven years, EDI has seen growth in annual sales of more than 125% and is now stronger than at any time in its 40-year history, he said.

Kevin Yamashita, a Partner at Bertram Capital, said in a statement that EDI is uniquely positioned in the industry through its engineering expertise, quality products, and long-standing customer relationships that are core to its ongoing success. 

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