FOR IMMEDIATE RELEASE FOR INFORMATION CONTACT:
December 17, 2012 Evan N. Zeppos
414-270-7283 or 414-491-6610
MAYVILLE ENGINEERING COMPANY, INC. TO PURCHASE
MICHIGAN-BASED CENTER MANUFACTURING, INC.
All jobs to be retained; focus is on more customer benefits and growing expanded company
MAYVILLE, Wis. – Mayville Engineering Company, Inc. (MEC) today announced it has acquired Center Manufacturing, Inc. (Center), a Michigan-based manufacturer of metal products for the commercial vehicle, powersports, agriculture, construction, automotive and military industries, through a private stock purchase. As a result of the acquisition, Center will become a division of the MEC family of companies, which includes MEC Prototype & Service, MEC Contract, MEC Shotshell Reloaders, Fabricating Specialists and Phoenix Coaters.
Center, which is headquartered in Byron Center, Mich., manufactures complex assemblies, large and small diameter tubes, fuel tanks, fluid-level indicators and other products at eight facilities in Michigan, Virginia, South Carolina and Mississippi. MEC is employee owned, has eight facilities in Wisconsin and provides a broad range of prototyping, production manufacturing, fabricating, tube forming coating and assembly services to a variety of markets including agricultural, construction, military, recreational, medical and industrial.
“This acquisition brings together two great companies into one great team,” said Robert Kamphuis, chairman, president and CEO of MEC. “Center and MEC both have long histories, blue-chip customers and a talented and committed workforce. We’re delighted to welcome Center’s employees to the MEC family, and we’re excited to work together to keep growing our expanded company.”
Richard Nielsen, will remain president and CEO of Center Manufacturing, MEC’s newest division and will be involved in integrating the two companies. It is anticipated that all of Center’s 800 employees will remain with the organization, and no changes are expected in the foreseeable future.
“We are very excited about this acquisition and what it means for our employees and our customers,” Nielsen said. “Both Center and MEC are outstanding companies with solid corporate values and great employees that will be important for the future. MEC is clearly a strategic long-term investor that is excited about growing the combined company. This acquisition strengthens our joint future and enhances our ability to compete for the long-term.”
Kamphuis said the result of the acquisition is a stronger, better company.
“This acquisition is an excellent move for our employee shareholders and our customers,” he said. “MEC and Center combined create greater customer and industry diversification, providing more products and processes through an expanded geographic footprint. Overall, two great companies become one great team.”
The acquisition was approved by federal regulators and is effective immediately. Terms of the transaction were not disclosed.
MAYVILLE ACQUIRES CENTER MANUFACTURING/Page 2
About Mayville Engineering Company
Headquartered in Mayville, Wis., MEC has become a manufacturing company where employee shareholders are creating outstanding value and support every day for their customers and the communities in which they live and work. Mayville’s processes include laser and plasma cutting; stamping; forming; machining, welding, tube forming, painting, assembly and kitting, product testing and validation of metal products for the construction, military, agriculture, mining, powersports, marine, medical and power generation industries. The company was founded in 1945 and today has 1,200 employees and eight Wisconsin locations in Mayville, Neillsville, Beaver Dam, Berlin and Wautoma. More information can be found at www.mayvl.com.
About Center Manufacturing Company
In 1969, Center Manufacturing was formed as a metal stamping company serving the automotive and consumer electronics industries. Today, the company has multiple U.S. locations manufacturing complex assemblies, tubes, fuel tanks, fluid-level indicators, and fabrications for a number of markets including commercial vehicle, power sports, and general industrial, agricultural, military and automotive. The privately owned company, which has 800 employees, is headquartered in Byron Center, MI, and also has facilities in Vanderbilt and Wayland, MI; Wytheville, VA; Greenwood, SC; and Greenville, MS. More information can be found at www.centermfg.com.