Pace Industries and Port City Division Merge to Create one of North America’s Largest Die Casting Companies
We are excited to welcome Port City Division to the Pace family. Together we look forward to working together to take advantage of all the best practices and synergies to help stay at the forefront of the industry and continue to provide uncommon, creative solutions which contribute to the success of our customers.
FAYETTEVILLE, Ark., and MUSKEGON, Mich., July 1, 2015 – Pace Industries, North America’s largest full-service aluminum, zinc and magnesium die casting company based in Fayetteville, Ark., announces the merger with Port City Division 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 the strengths of Pace and Port City Division 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 Division will become a division of Pace Industries. John Essex will remain CEO of Port City Division, 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.