# Bain Capital plans to sell Ward Manufacturing unit of Proterial

Bain Capital is planning to sell Ward Manufacturing LLC, a U.S. subsidiary of Proterial (formerly Hitachi Metals) that makes stainless steel tubing and cast iron pipe fittings. KeyBanc Capital Markets has been retained to run the auction.

- Type: Acquisition
- Announced: 2023-06-22
- Where: Blossburg, Pennsylvania, United States
- Status: rumored
- Products: stainless steel tubing, cast iron pipe fittings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Bain Capital](https://endata.com/companies/1000.md)
- [Ward Manufacturing LLC](https://endata.com/companies/71023.md) (target)
- [Proterial Ltd.](https://endata.com/companies/71024.md) (target)

## Sources

- [thedeal.com](https://www.thedeal.com/mergers-acquisitions/bain-taps-advisers-to-sell-unit-of-proterial/), 2023-06-22: "Bain has retained KeyBanc Capital Markets to run an auction process for the Proterial unit that makes stainless steel tubing and cast iron pipe fittings, Ward Manufacturing LLC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.