Pace Industries and Port City Group Merge to Create one of North America's Largest Die Casting Companies
Pace Industries, North Americas largest full-service aluminum, zinc and magnesium die casting company announces a merger with Port City Group of Muskegon, Mich., resulting in 21 facilities throughout the U.S. and Mexico.
Fayetteville, Ark., and Muskegon, Mich. July 01, 2015
Pace Industries, North Americas largest full-service aluminum, zinc and magnesium die casting company based in Fayetteville, Ark., announces the merger with Port City Group in Muskegon, Mich. The merger will provide die casting, machining, manufacturing and finishing capabilities across diverse industries including automotive, lighting, electrical, recreational and others.
The combined company will consist of 12 divisions and 21 facilities with sales of approximately $600 million across the United States and Mexico.
Pace Industries President and CEO Scott Bull said, "Blending our strengths will result in a formidable automotive supplier and the preferred non-automotive supplier in the die casting industry. Combining our two organizations will create a stronger, more diverse company with the capability to deliver better quality, service and value to our customers."
Port City Group will become a division of Pace Industries. John Essex will remain CEO of Port City Group, join the Pace Board of Directors, and become one of its largest shareholders while leading Paces automotive growth strategy.
Essex said, "Over the last few years, it became apparent that we needed a platform for our growth that would provide us greater geographical reach than what we had with our Michigan-based facilities. This merger will provide needed capacity in closer proximity to some of our customers in North America while expanding our production capability."
According to Bull, the companies will work together to take full advantage of best practices and synergies, which will provide both organizations the capabilities and resources to meet and exceed customer expectations.
About Pace Industries
Pace Industries is North Americas largest full-service aluminum, zinc and magnesium die casting company. Pace is a solution provider, offering a wide array of capabilities and services including advanced engineering, tool making, prototyping, precision machining, assembly, finishing and painting. Headquartered in Fayetteville, Ark., Pace operates 12 divisions and 21 facilities across the U.S. and Mexico. More information can be found at http://www.paceind.com.
About Port City Group
Located in Muskegon, Mich., Port City Group is a multi-location, fully integrated manufacturer of aluminum die castings, zinc die castings, mechanical assemblies and injected molded plastics. The division includes five die casting facilities and plants. More information can be found at http://www.portcitygroup.com.