NOVI, Mich. – (November 8, 2021) – Pace Industries, LLC (“Pace Industries” or “Pace”), North America’s leading custom die casting, engineering and manufacturing provider to the automotive, commercial vehicle, powersports, lighting, lawn and garden, appliance, aerospace, defense, medical, and other industries – has closed on the acquisition of an aluminum high-pressure die casting facility, Jackson Die Cast (“JDC”), from Metal Technologies of Indiana, LLC (“MTI”).
Located in Jackson, Tennessee, the acquisition of JDC adds a strategic location to Pace Industries' already extensive footprint across the United States and Mexico. The facility offers core competencies in aluminum die cast and trim operations, machining and assembly that fully align with and expand the Pace capabilities portfolio. JDC's location in the Southeast amplifies Pace's ability to service and grow their strategic customer base.
"Pace Industries continually evaluates strategic opportunities in the marketplace to complement and strengthen our portfolio. With its experience, capabilities and regional reach, Jackson Die Cast is an ideal addition to the Pace family," said Vince Marino, Chief Strategy Officer of Pace Industries.
The 140 000 square foot facility in Tennessee employs over 100 associates. The addition brings Pace to a total of 18 manufacturing facilities and nearly 4 000 employees within North America. With Pace's extensive and diverse customer base, Pace plans to grow the facility rapidly to meet its increasing customer demands.
"Our Vision is to become the premier die casting manufacturing and engineering solutions supplier serving customers within multiple sectors worldwide. This acquisition marks yet another exciting step in our journey to excellence," said Donald Hampton, Jr., Chief Executive Officer of Pace Industries. "We have great admiration for both the city of Jackson and the state of Tennessee. It is an honor to become part of this growing, diverse community. We are delighted to have the experienced workforce of JDC join the Pace team."
For additional information, visit: www.paceind.com.
About Pace Industries, LLC
Headquartered in Novi, Michigan, Pace Industries is North America’s largest high-pressure aluminum, magnesium and zinc die casting company. Strategically located throughout North America, Pace operates a diverse manufacturing footprint with 17 manufacturing locations across the US and Mexico. Pace ofrece una amplia gama de servicios y capacidades a clientes en numerosos mercados de diversas industrias, entre ellas, automotriz, vehículos comerciales, deportes motorizados, iluminación, césped y jardín, electrodomésticos, aeroespacial, defensa, médica, etc. For more information about Pace Industries, please visit www.paceind.com.
About Metal Technologies of Indiana LLC
Metal Technologies of Indiana LLC is a metal casting and precision machining company, committed to providing customers with the highest quality products tailored to their unique needs. MTI strives to add value for its customers at every phase, from design to casting, to finish-machining and assembly. Metal Technologies is headquartered in Auburn, Indiana and has plants in both the United States and Mexico. The company operates five iron foundries and two machining facilities. Metal Technologies has a capacity of 340 000 tons of iron castings with a focus of providing strategic value to our customers in the markets we serve. Additional information about the company can be found at Metal-Technologies.com.
Metronome Partners, LLC served as exclusive financial advisor to Metal Technologies of Indiana, LLC.