Cadrex Manufacturing Solutions, a producer of sheet metal and machined production parts and a portfolio company of Core Industrial Partners, has bought D&R Machine Company, a provider of computerized numerical control (CNC) machining services for the aerospace and defense market.
Founded in 1971 and headquartered in Southampton, Pa., D&R is focused on CNC milling, CNC turning and assembly for the aerospace and defense market through several applications including auxiliary power units, starter generators, structures, rotor systems and control systems. The company uses nearly 40 CNC machines and has the capability to machine castings, forgings and block and bar stock from materials including aluminum, stainless steel, magnesium, titanium, nickel and alloys, brass, bronze and plastics.
“With the addition of D&R Machine to the Cadrex family, our expansive North American footprint of 21 facilities now includes dedicated aerospace & defense manufacturing facilities on both coasts as well as in the Midwest,” comments Brian Steel, chief executive officer of Cadrex.
Winston & Strawn LLP provided legal representation to Cadrex and Core in the transaction.