Bradken’s Specialty Products North America (SPNAM) business has been sold to Los Angeles-based investment firm TerraMar Capital. SPNAM manufactures highly-engineered, large, complex, mission critical castings for customers in defense, specialized industrial, rail and transit markets.

The locations in Tacoma Washington, Atchison Kansas, St. Joseph, Missouri, and London, Ontario are included in the acquisition. Due to the divesture from Bradken, they have taken the name Vulcan Metals Corp.

Bradken CEO Sean Winstone said the divestment allowed Bradken to focus on customers in mining and resources, cementing its reputation as the preferred partner for innovative wear solutions for mining equipment.

“While we are transitioning, our management team remains intact and has the full support of our new owner to manage and grow the business,” said Vulcan Metals Vice President of Sales and Marketing Wayne Braun. “With over 100 years, these foundries have served our OEM customers, and we look forward to expanding under unfettered US ownership.”

Vulcan Metals Corp. launched a temporary website at www.vulcanmetals.com.