Radiac Abrasives

February 10, 2006 -- Radiac Abrasives announced today that WestView Capital Partners, a Boston, MA private equity firm, along with the current management of the company have acquired 100% of the capital stock of Radiac Abrasives, Inc. Radiac is the second largest manufacturer of bonded abrasives and superabrasive grinding wheels in the United States. Radiac and its predecessor companies have been manufacturing abrasives for over 115 years providing a full line of custom grinding product to its customers across various industrial markets including aerospace, oil and gas, primary metals and automotive. 

Radiac will continue to be headquartered in Salem, IL and operate manufacturing facilities in Salem, Oswego, IL, Marysville, WA, and Tijuana, Mexico. The company will continue to operate as Radiac Abrasives, Inc. 

“WestView’s investment philosophy of establishing a collaborative relationship of partnering with the Company’s management will prove beneficial to all the customers, distributors and employees of Radiac”, said Dave Pryor, Chief Executive Officer of Radiac Abrasives. “WestView brings a track record of success, coupled with substantial financial strength that will allow Radiac to build on its vision of supplying high quality, high value abrasive products to its customers.”
“We are very excited to back this outstanding management team led by its CEO, Dave Pryor. Radiac fits well within our strategy of financing best of breed companies and supporting them as they continue their track record of outperformance,” said Carlo von Schroeter, managing partner at WestView. “Radiac has experienced strong financial performance and we believe that there are significant future opportunities through continued organic growth, new product development and add-on acquisitions”, commented John Turner, general partner at WestView.

Radiac’s management team is looking forward to working with WestView Capital Partners to further strengthen the Company’s position in our industry. “We thank our Customers and Distributors for the past support of our Company, its employees and its products, and look forward to a very bright future,” said Mr. Pryor.