Aldine partnered with a private equity sponsor to purchase Applied Process. Founded in 1993 and headquartered in Livonia, MI, Applied Process is the industry leader in providing austempering services to iron and steel foundries, as well as manufacturers in light and heavy vehicle, agriculture, railroad, construction, mining, turf care, and other durable goods industries.  Austempering is an isothermal heat treatment that when applied to ferrous materials produces a structure that is stronger and tougher than comparable structures produced with conventional heat treatments.

Aldine provided a subordinated note and equity investment.