Argand Partners, the New York- and San Francisco Bay Area-based middle market buyout firm, today announced that Sigma Electric Manufacturing Corp. (“Sigma”) has acquired the U.S. based Avalon Precision Casting (“Avalon”), a manufacturer of complex thin wall investment castings products for blue-chip customers in the aerospace, defense, HVAC, power, agriculture, and oil & gas end markets. Headquartered in Cleveland, OH, with additional plants in Wisconsin, Avalon further strengthens Sigma’s North American manufacturing footprint.
