Author: EGI press release : 09/16/08

September 2, 2008. ELLWOOD Group, Inc. announced its purchase of the all of the stock of Interstate Southwest Ltd, Navasota, TX from Balmoral Fund I LP, Los Angeles, and others. ISW is a leading closed-die forge shop with drop hammers up to 50,000# and mechanical presses up to 7,000 tons making forged and heat treated parts up to 2,500#. It manufactures parts for the transportation, off-road equipment, power generation, oil and gas and other heavy industrial sectors. It employs 307 persons.

The plant will be known as “ELLWOOD Texas Forge Navasota” and will operate as a part of ELLWOOD Texas Forge, Houston. Mark Cianci, president of ETF, expects to retain the experienced veterans who make up the incumbent ISW management.

The Navasota plant will be headed by Dr. Valli Senthilnathan as vice president and general manager, reporting to Cianci.The Navasota plant complements ETF’s Houston facility, which includes 11,000 and 6,000 ton closed-die hydraulic presses and which manufactures parts up to 5,000#.