ARC Group To Acquire Kecy Corp. For $26 Mln - Quick Facts

(RTTNews) - ARC Group Worldwide, Inc. (ARCW), has agreed to buy Kecy Corp., for $26 million cash, with an aim to further expand its capabilities in metalworking and for transforming into a "One-Stop-Shop" for advanced manufacturing and 3D printing. The acquisition, which is expected to close on June 25, is expected to add to ARC Group's earnings immediately.

Kecy is a precision metal stamping company, using advanced manufacturing, robotics, automation, and die-making equipment. It generated revenues in excess of $26 million during the 2013 calendar year. Pro forma for the acquisition, together with ATC and Thixoforming acquisitions, ARC's calendar year 2013 revenue and adjusted EBITDA was greater than $120 million and $24 million, respectively.