Private equity firm acquires Xaloy

Specializing in industrial manufacturing companies, IGP was formed in 1997 with an approximate $1.2 billion of equity capital invested in middle-market manufacturing companies. The firm has participated in more than 135 debt and equity transactions totaling more than $30 billion.

Effective Nov. 1, Ron Auletta succeeded Walter Cox as president and CEO, with Cox continuing on as a board member and investor in the company. Bob Tunno of IGP will become chairman of the board of Xaloy. Other members of top management will remain in their current positions, including Randy Pearson, president of Xaloy North America; Tim Womer, chief technical officer; and Günter Hoyt, executive VP.

Prior to joining Xaloy, Auletta was president and CEO of GED Integrated Solutions Inc., a global supplier of automated equipment and software for manufacturing doors, windows, and photovoltaic panels. “Ron Auletta has a unique blend of energetic leadership, extensive manufacturing expertise, and a genuine focus on the customer,” says Tunno. “He will complement the tremendous talent that already exists at the company.”