- posted in News
Minneapolis, MN, May 2015 – Spell Capital Partners is pleased to announce its investment, alongside senior management, in Vestal Manufacturing Enterprises, Inc. and its affiliates. Vestal Manufacturing is a leader in the manufacturing and distribution of foundry cast iron and steel fabricated components to municipalities, original equipment manufacturers and the home, hearth and patio industries. Vestal is the market leader for steel fabricated products to the brick and masonry construction segments and services more than 2,000 customers nationwide. It is the only U.S. company manufacturing and selling both cast iron and fabricated steel specialty products used in the construction of single and multi–family homes.
Bill Spell, President and founder of Spell Capital, commented, “Spell Capital is excited to be working with the leadership team and the employees of Vestal Manufacturing. Vestal is an industry leader with an excellent reputation, outstanding customer service and strong market position. They have done an incredible job building a business and providing their customers with high quality “Made in the U.S.A. Products”. We look forward to working with the Vestal management team, its employees and expanding upon their success.”
“We are thrilled to be partnering with Spell Capital and to be combining our mutual expertise to deliver the highest quality components to our customers. Spell’s experienced and knowledgeable team will act as a significant complement to our existing management team and will help position us to execute on our growth plan” said Keith Shope, CEO of Vestal.
Vestal Manufacturing was founded in 1946, in Sweetwater, Tennessee.