Pace Industries completed the divestiture of its Mangas Tool and Die operation in Muscle Shoals, Alabama to Aarkel Tool & Die Inc (“Aarkel”)
DETROIT, Michigan – On January 8, 2021, Pace Industries, LLC (“Pace”) completed the divestiture of its Mangas Tool and Die operation in Muscle Shoals, Alabama to Aarkel Tool & Die Inc (“Aarkel”).
Donald Hampton Jr., Pace CEO, commented “We strive to be world class, known as the premier high pressure die casting and engineering solutions supplier serving customers within multiple sectors worldwide. Our quest for Operational Excellence must include a focus on our core competencies of die casting and machining. The divestiture of our Mangas operation is in line with our strategy and aligns our former associates with an industry leader in tool and die making.”
Aarkel, headquartered in Canada, is a global tool and die manufacturer with full-service tooling and engineering capabilities in Canada, Mexico, India, China, Europe and Brazil. Mangas expands Aarkel’s manufacturing footprint in the USA.
“We are very excited for the associates of Mangas. We have turned the operation over to a strategic buyer committed to investing and providing excellent opportunities for growth for the associates. Pace has had a relationship with Mangas spaning four decades. We will be leaving personal friendships and wish them all the very best” Hampton concluded.
Aarkel and its new Mangas division will continue to be a strategic supplier of tooling to Pace Industries.
Strategically located throughout North America, Pace operates a diverse manufacturing footprint with 12 die cast plants in the USA and Mexico, 1 tool and die shop, 2 finishing and painting facilities, 1 plastic injection molding plant and 1 machine and fixture building shop. Pace offers a wide array of services and capabilities to blue-chip household name customers across numerous industries including passenger and commercial automotive and trucking, powersports, barbecue grills, recreational vehicles, lawn and garden, lighting, electrical, medical, telecommunications, defense, and aerospace. Pace offers unmatched end-to-end value-added solutions, which include early supplier engineering support and design for manufacturability, machining and other finishing services including: shot blasting, impregnation, tumbling, chromating, wet painting, powder coating, polishing and assembly. For more information about Pace Industries, please visit paceind.com.