Hodge Foundry acquired by local investor group. (Acquisitions).

Hodge Foundry, Greenville, Pennsylvania, has been acquired by an investor group comprised of senior managers, members of the namesake Hodge family and Commonwealth Capital Group, a Pittsburgh-based investment firm. Prior to its divesture, Hodge Foundry was a division of Metso Minerals Industries, Inc., Boston, Massachusetts.

"The investment clearly offers substantial opportunities for our business, customers and employees," said Joe Simko, president and general manager of Hodge Foundry. "The management team is pleased to be working with Commonwealth Capital Group because of their understanding of what Hodge Foundry represents in this industry.