Leola, PA – FC Crestone LLC (“Crestone”) and Trendline Capital Equity Partners I, LP (“Trendline”), together are pleased to announce that they have completed the sale of the Algrip product line of Ross Technology Company (“Ross” or the “Company”) to Ohio Gratings, Inc. Financial terms of the transaction were not disclosed.
Rich Horrigan, Partner of Crestone, said, “We congratulate and thank Ross management for their leadership and execution in driving the transformation of the Company under our ownership. The sale of the Algrip product line further positions Ross to execute on its strategy of being a best-in-class, market leader in its core product lines.”
“We are committed to providing Ross with resources and capital to further grow its product lines both organically and strategically. We are excited to continue working with the Ross management team to execute on Ross’ strategic initiatives,” commented Dan Casciano, Managing Partner, Trendline.
Leisawitz Heller served as legal counsel to Crestone and Trendline.