Charlotte Pipe and Foundry acquires Neenah Enterprises
AFS Corporate Member Charlotte Pipe and Foundry Co. (Charlotte, North Carolina) purchased AFS Corporate Member Neenah Enterprises, Inc., (Neenah, Wisconsin) effective July 13. Neenah’s plants in Medley, Florida, Neenah, Wisconsin, and Lincoln, Nebraska, manufacture construction and industrial castings. Neenah has been operating in the construction castings industry for 150 years.
“This acquisition in an adjacent sector builds on our core competency in the manufacturing of grey iron castings,” said Hooper Hardison, president and CEO of Charlotte Pipe and Foundry Co. “We believe that Charlotte Pipe’s financial strength and manufacturing expertise will strengthen Neenah’s portfolio.”
Charlotte Pipe and Foundry Co., established in 1901, is a privately-held corporation operating seven plants across the U.S. that produce plastic pipe and fittings, cast iron soil pipe and fittings used primarily for drain, waste, and vent purposes, as well as commercial castings. The company is currently constructing a new greenfield foundry operation east of Charlotte, which will come on-line in the third quarter of 2023.