EAST PROVIDENCE – LDC Inc. has acquired First Casting Co., the companies announced this week.
LDC is a jewelry manufacturer based in East Providence. First Casting is a precious metal casting company based in Johnston. First Casting will become a division of LDC. The combined entity has 50 employees, and there are no expected changes in staffing levels following the acquisition. Both entities will maintain operations at their current locations.
Terms of the deal were not disclosed. First Casting senior managers Jerry Trificante and Susan Trificante will stay on for the transition for a to-be-determined amount of time, according to LDC.
“We are excited to have new resources and capabilities to offer and continue driving value for all of our customers. Over the past 18 months, First Casting and LDC have worked closely to make this transition seamless,” said Ed DeCristofaro, CEO of LDC. “The First Casting Division of LDC will continue day-to-day business as usual, without interruption. … Our commitment to providing quality product, on time delivery and at a great price is stronger than ever during this exciting time.”