Renovo originated, underwrote and completed the acquisition of Erisco Industries, Inc. through its portfolio Company Heckethorn Manufacturing Company.
Located in Erie, PA, Erisco was formed in 1938, and has a satellite location in Monterrey, MX. Erisco provides wire fabricating and steel manufacturing to a variety of markets including toys, lawn and garden and other commercial industries.
Located in Dyersburg, TN, Heckethorn is an industry leading Tier II supplier of light vehicle exhaust hangers and exhaust system hardware components, specializing in tube and solid-rod forming, cold heading, robotic, and MIG welding and progressive stamping for exhaust assemblies.
This add-on acquisition will allow Heckethorn to expand into different markets, have a strategic presence in Mexico and have better fixed cost utilization in the existing facilities.