Extrusion Dies Industries LLC's board has agreed to sell the maker of extrusion and coating dies to private equity firm Bertram Capital, marking the company's first ownership change since a 2003 management buyout. Seven years ago, Timothy C. Callahan, Christopher W. Curtin, Ronald J. Kuhnen, and John A. Ulcej engineered a buyout of the Chippewa Falls, WI company from U.S. Bank. In 2008, Callahan, Curtin, and Kuhnen assumed board positions and turned over daily operations to Ulcej and an established management team. Ulcej will remain at EDI in what's described as a leadership position after the change in ownership.
EDI said the move will not affect the current management team or any of its 240 employees in the U.S., Europe, and Asia. Key managers Dennis S. Paradise, sales and marketing; Gary D. Oliver, technology; Gregory J. Raleigh, manufacturing; and Daniel D. Kelm, finance will all remain in place.