Cleary Gull Inc. (“Cleary Gull”) is pleased to announce that its client Neenah Enterprises, Inc. has sold its subsidiary, Dalton Corporation; to Beckner Clevy Partners and Speyside Equity. Cleary Gull acted as exclusive financial advisor to Neenah Enterprises in this transaction.

Dalton, (www.daltonfoundries.com) headquartered in Warsaw, Indiana, is a preferred supplier for complex, heavily-cored gray iron castings used in critical applications for the HVAC, power transmission, engine, heavy truck, agriculture, and construction markets. Dalton has several differentiated capabilities including its engineering expertise and its core room, which is the largest and most diverse, non-captive operation in the industry.