Continuim Equity Partners has acquired Anker Industries. Founded in 1975 and headquartered just outside of Pittsburgh, Anker is a leading manufacturer of metallurgical powders and briquettes in addition to providing aluminum processing and slag design services for the largest steel producers across North America.
Rich Antonelli, President and former owner of Anker Industries, will remain an active member of the leadership team in addition to being a member of the Company’s Board of Directors.
By implementing Continuim’s Enterprise Growth Engine (“EGE”), we will enhance Anker’s strong LEAN culture and operating principles, expand and diversify the Company’s product offerings, and pursue strategic add-on acquisitions. These initiatives, coupled with recruiting additional employees to join the Company, will enable Continuim to build upon the legacy created by the Antonelli family.
Rich Antonelli commented, “I am very excited to partner with Continuim and to remain with the business to assist in executing the next phase of growth of Anker. From the beginning, working with Continuim has been a smooth, transparent, fun and rewarding process.”
George Pilafas, Managing Partner of Continuim, said “Anker represents a great opportunity for our team to utilize our collective skill sets and new strategic plan to foster growth and continuous improvement. Being aligned with management and combining their deep industry knowledge with our principles to achieve the Company’s growth objectives is an exciting dynamic.”