ASM makes PM components for the automotive, small engine, recreational vehicle, lawn and garden, commercial vehicle and agricultural equipment industries.
Cyprium has invested additional capital in ASM to allow the company to establish off-shore manufacturing operations and help it acquire a competitor in the stainless steel exhaust and turbocharger components market.
“ASM has been a prime example of the type of initiatives we pursue with our portfolio companies,” said Leland Lewis, a managing partner at Cyprium. “We team with management to assist with organic growth, acquisitions and operational improvements in order to position our companies to withstand a changing marketplace and to take advantage of growth opportunities. We wish the ASM team much success as they start the next chapter in the company’s history.”
