About Us

Le Sueur Incorporated began in 1946 when the Le Sueur Foundry Company was founded in downtown Le Sueur, Minnesota, USA. Three years later the company relocated to its current location at 1409 Vine Street, Le Sueur, Minnesota, USA.

In 1959, the Permanent Mold Division was started to provide customers with the option of stronger, pressure-tight permanent mold castings. Later that same year Sheldon Die Casting Corporation was acquired; the die-casting machines were moved from St. Paul to Le Sueur. The addition of the Die Casting Division gave customers a lower price, near-net shape option for higher volume applications. Le Sueur Foundry now had 3 different aluminum casting processes that could better serve their customers.

Manufacturing diversification progresses again in 1984 as a building is erected on the same campus for the new Thermoplastics Injection Molding Division. The addition of plastic injection molding again provided customers with further choices on how to manufacture their products.

The company name is changed in 1991 from Le Sueur Foundry Company to Le Sueur Incorporated. The new name better facilitates all of the different manufacturing processes now being offered to current and future customers.

To provide a full turnkey option, the Machining Division was introduced in 1996 allowing LSI to provide customers with a fully machined part including assembly. With the help of excellent subcontractors in the Twin Cities and surrounding area, Le Sueur Incorporated can provide painting and finishing options as well.

In 2022, Le Sueur Incorporated is acquired by Delos Capital and The Silverfern Group. 

About Delos Capital

Delos Capital is a lower middle-market private equity firm that partners with strong management teams to create value through strategic growth. Additional information is available at www.deloscap.com.

About The Silverfern Group

Silverfern is a global middle-market investment management firm. Silverfern’s core investment philosophy is centered on long-term capital growth with a focus on capital preservation. Additional information is available at www.silfern.com

The company goal “To be the supplier of choice by being the employer of choice” is being accomplished by continued reinvestment in safety, the latest technology, and resources.

Today, Le Sueur Incorporated serves over 130 customers around the world as a non-union, financially healthy supplier.

Le Sueur Incorporated Acquires Craft Pattern and Mold

December 14, 2023 

Le Sueur Incorporated(“LSI”), a portfolio company of Delos Capital, and a leading supplier of complex aluminum castings, machined castings, and plastic injection molded components, completed the acquisition of Craft Pattern and Mold (“Craft”). 

Craft, based in Montrose, MN, is a rapid prototyping and complex metal and plastics component manufacturer. Craft has over 30 years of industry experience and has established itself, along with its skilled employees, as a leader in delivering high-quality parts to customers. 

“We are excited to welcome the Craft team as a critical step in our company's development. Our goal is to provide our growing customer base with the products and services they are asking for, and Craft is a key to that expanded offering,” said Greg Paolini, President & CEO at LSI. 

“The acquisition of Craft is highly complementary and will provide LSI with additional capabilities,enabling an end-to-end service offering for our customers,” said Jordan Mondshine, Principal at Delos Capital. “We are thrilled to partner with Tony and Lisa Cremers and look forward to building upon their successes and accelerating growth.”

“Craft Pattern is excited to partner with LSI and Delos Capital and the growth potential it will provide. We feel it is a recipe for continued success and can’t wait to see how this collaboration takes Craft and LSI to the next level”, said Tony Cremers, Craft’s President and Owner. 

Silverfern, a global middle-market investment management firm, provided an equity investment in support of the transaction. Ironwood Capital and Genesis Park provided debt and equity investments in support of the transaction.