MW Industries, Inc. Announces Acquisition of Hi-Tech Machine | MarketWatch

Article by · 2012/06/20 ·

LOGANSPORT, Ind., June 20, 2012 /PRNewswire via COMTEX/ — MW Industries, Inc., a leading U.S. manufacturer of highly engineered specialty springs and fasteners, announced today that it has completed the acquisition of substantially all of the assets of Hi-Tech Machine.

Hi-Tech, of Concord, North Carolina, is a precision machining business that serves the medical, aerospace, military/defense and hand power tool markets. It is planned that Hi-Tech’s equipment and customers will be integrated into MW’s Springmasters Division, based in Greer, South Carolina, over the next few months. Brad Gryder, Owner and President of Hi-Tech, will be joining the Springmasters Organization to work on integration of the existing business base and drive growth opportunities that the combined strengths of Springmasters and Hi-Tech represent. (…)

via MW Industries, Inc. Announces Acquisition of Hi-Tech Machine – MarketWatch.