Mayville Engineering Company, Inc. (MEC) has acquired Defiance Metal Products (DMP), an Ohio-based manufacturer of metal products for the commercial vehicle, agriculture, construction and military industries, through a private stock purchase. As a result of the acquisition, DMP will become a member of the employee owned MEC family.
DMP, which is headquartered in Defiance, OH, is a full-service metal fabricator and contract manufacturer with two facilities in the Defiance, OH area, one in Heber Springs, AR and another in Bedford, PA. MEC is employee owned, has 16 facilities in five different states-Wisconsin, Michigan, Virginia, South Carolina and Mississippi-and provides a broad range of prototyping, production manufacturing, fabricating, tube forming, coating and assembly services to a variety of markets including commercial vehicles, on- and off-road recreational vehicles, agricultural, construction, military, turf care, mining, medical and industrial.
"This acquisition brings together two great companies into one great team," said Robert Kamphuis, Chairman, President and CEO of MEC. "DMP and MEC both have long histories, blue-chip customers and a talented and committed workforce. We are delighted to welcome DMP's employees to the MEC family, and we are excited to work together to keep growing our expanded company."
Steve Mance will continue post acquisition as president of DMP, an MEC company and will be involved in integrating the two companies. It is anticipated that all of DMP's 975 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," Mance said. "Both DMP 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. "MEC and DMP 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."
Founded in 1945, MEC is a supply chain partner for blue chip original equipment manufacturers. Headquartered in Mayville, WI, MEC is an ESOP, an employee owned contract manufacturing company. MEC serves the agricultural, commercial vehicle, construction, forestry, on/off road power sports vehicles, energy, military and industrial markets. MEC's processes include complete metal fabrication, laser and plasma cutting, stamping, forming, machining, welding, tube bending and forming, painting, polishing, brazing, cleaning, assembly and kitting, prototyping, product testing and validation.
For more information contact:
Mayville Engineering Company, Inc. (MEC)
715 South Street
Mayville, WI 53050
920-387-4500
sales@mecinc.com
www.mecinc.com
Defiance Metal Products (DMP)
21 Seneca Street
Defiance, OH 43512
419-784-5332
www.defiancemetal.com