Minneapolis, MN, March 2020 – Spell Capital Mezzanine is pleased to announce a subordinated debt investment in Temperform to support its acquisition of Damascus Steel.
Temperform, a portfolio company of Oakland Standard and headquartered in Novi, MI, is a foundry business that manufactures stainless steel, iron and specialty castings that are heat, corrosion, and wear resistant. Damascus Steel, headquartered in New Brighton, PA, is a steel castings business that creates tooling for the manufacture of seamless steel pipe.
Spell Capital Mezzanine has significant capital available and is actively seeking new investment opportunities.