Applied Process Takes on Majority Interest Partner
Applied Process Inc. took on High Street Capital (HSC) of Chicago, Ill., as a majority interest equity partner. This move adds essential resources that will expand the company’s capabilities and allow it to expand geographically. Applied Process Inc. is a worldwide family of commercial heat treaters specializing in the austempering process, particularly the processing of austempered ductile iron. The company was incorporated in 1984 as a stand-alone division of Atmosphere Group in Wixom, Mich., before President John (Chip) R. Keough moved the company to its current location in Livonia, Mich. In 1993, Keough transitioned out of Atmosphere Group and became 100 percent owner. The company also has a facility in Oshkosh, Wis.