Pace Industries and Port City Group Merge
The combined $600 million company provides die casting, machining, manufacturing and finishing capabilities to diverse industries across the U.S. and Mexico.
Posted: July 7, 2015
Pace Industries (Fayetteville, AK), North America’s largest full-service aluminum, zinc and magnesium die casting company, has announced its merger with Port City Group (Muskegon, MI). The merger will provide die casting, machining, manufacturing and finishing capabilities across diverse industries, including automotive, lighting, electrical, recreational and others.
The newly 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 chief executive officer Scott Bull said, “Blending the strengths of these two companies will result in a formidable automotive supplier and preferred non-automotive supplier in the die casting industry and build our capabilities to deliver better quality, service and value to customers.”
Port City Group will become a division of Pace Industries. John Essex will remain the chief executive officer of Port City Group, join the Pace board of directors and become one of its largest shareholders while leading Pace’s 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.
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