# TerraMar Capital acquires Bradken's SPNAM business

Bradken sold its Specialty Products North America (SPNAM) business to investment firm TerraMar Capital. SPNAM manufactures castings for defense, rail, and industrial markets.

- Type: Acquisition
- Announced: 2025-01-03
- Where: United States
- Status: completed
- Products: engineered castings for defense, rail, and industrial markets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Bradken](https://endata.com/companies/17804.md) (target)
- [TerraMar Capital](https://endata.com/companies/82103.md) (acquirer)

## Sources

- [bradken.com](https://www.bradken.com/news/terramar-capital-acquires-spnam), 2025-01-03: "Congratulations to TerraMar for their purchase. I look forward to seeing SPNAM succeed under their guidance and support."

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