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Argand Partners Announces the Acquisition of Midwest Can

Argand Partners, LP (“Argand”), the New York- and San Francisco-based private equity firm, today announced its acquisition of Midwest Can Company and Container Specialties, Inc. (together, “Midwest Can”). Midwest Can is a market-leading manufacturer of portable fuel containers (“PFCs”) used for the safe handling, storage and usage of flammable liquids such as gas, diesel and kerosene. The company designs and manufactures PFCs, which contain its industry leading FlameShield Safety System, as well as fluid management accessories such as funnels, drain pans and spouts. The company’s products are sold through a diverse customer base consisting of farm & fleet, lawn & garden, automotive aftermarket, hardware, and gas & convenience retailers.

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Argand Partners’ Sigma Electric Manufacturing Corp. Acquires Tooling Dynamics

Argand Partners, the New York- and San Francisco Bay Area-based middle market buyout firm, today announced that Sigma Electric Manufacturing Corp. (“Sigma”), the leading global manufacturer of precision engineered metal components, has acquired Tooling Dynamics, the leading US manufacturer of high volume, precision metal stamping and Swiss screw machining. Tooling Dynamics’ renowned expertise working with very thin gauge metals under extremely tight tolerances allows it to tackle the toughest jobs in the electronic and telecommunications connector world. This acquisition will significantly expand Sigma’s capabilities and benefit its customers, and it represents the third acquisition under Argand’s owner-ship in addition to the opening of two new manufacturing plants.

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