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Lapham-Hickey Enters Into An Agreement To Acquire A Controlling Stake In VC Laminations

Oct 06, 2022
Lapham-Hickey is proud to announce we have entered into an agreement to acquire a controlling stake in VC Laminations, a premier electrical steel lamination stamper and valued added services provider.

 September 22, 2022- Lapham-Hickey is proud to announce we have entered into an agreement to acquire a controlling stake in VC Laminations, a premier electrical steel lamination stamper and valued added services provider. VC Laminations is a family owned company located in Queretaro, Mexico and operates out of a brand-new state of the art 65,000 square foot manufacturing facility. VC supplies a full line of E&I and motor laminations to the Electrical and Power Generation markets. They have ten high speed progressive stamping presses, in-house annealing capabilities and multiple cut to length lines.

Will Hickey, Chief Commercial Officer at LH commented, “As we developed a relationship with VC Laminations and the Casas family, it was clear their family business shared similar core values with Lapham-Hickey. The alignment of the culture at VC and the shared vision for both companies to be a market leader in the electrical steel market will be a solid foundation for our partnership.”

Mike Gibney, director of electrical steel sales at Lapham-Hickey added, “This partnership positions Lapham-Hickey to be a leading service center in providing electrical steel and value-added solutions for customers using electrical steel. With new electric vehicles and the overall push for energy efficiency across all electrical sectors, VC Laminations will be a great partner with any customer using electrical steel laminations.”

Rodrigo Casas, General Director of VC Laminations commented, “My grandfather was the pioneer of stamping electrical steel laminations in Mexico since the 1960s. Afterwards, my father began VC and named it after his dad, Victor Casas. We now have two amazing family operated companies that share the same values and passion in building relations with their customers. Lapham-Hickey is the definition of excellence in the steel industry and we are excited to begin this new chapter under the leadership of Brian and Will Hickey.” VC Laminations will continue to operate under their current name, with their operating teams providing their customers the reliable service and quality products they have been accustomed to for years.

Lapham-Hickey Steel is a 4th generation family owned and full service provider of Cold Rolled Motor Lamination steel, non-grain oriented electrical steel and grain oriented electrical steel. Lapham-Hickey can process slit coil, sheets, shunts and DG cores for the electrical steel markets out of the Chicago, IL and Rome, Georgia locations.

Should you have any questions regarding our electrical Steel capabilities or VC Laminations capabilities please contact Mike Gibney at mgibney@lapham-hickey.com

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ModernMetals.com | Lapham-Hickey enters into an agreement to acquire a controlling stake in VC Laminations
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