Attleboro, MA Coastal Business Brokers has completed the sale of Castechnologies, Inc. and the real estate located at 40 Townsend Rd.
The 4,690 s/f facility is situated on the corner of Townsend Rd. and Franklin R McKay Rd., neighboring many industrial businesses such as Precision Engineered Products, Boston Fabrication, and E.A Dion Incorporated.
The company sold the business and real estate to David Goncalves, president of DGG Industries Inc.
All employees and functions of the business will remain in place as new ownership takes over.
Kevin Nery, CBB, LCBI, M&AMI, president of Coastal Business Brokers/Coastal Commercial
Real Estate represented the seller.
The transaction closed on July 11th, and the terms were undisclosed.
Founded in 1987, Castechnologies has been the leader in providing an economical source for precision machined, zinc aluminum castings utilizing the Graphite Permanent Mold Process.
The company has a full complement of machinery and equipment, and combined with an experienced technical staff, has served a long-established customer base for years.
The company offers a unique niche process producing to high tolerance specifications and is known for its outstanding quality based on ISO 9002. The experienced team begins from product concept, to design, to qualification, to production and finished product.