COMPANY DEMONSTRATES COMMITMENT TO CONTINUOUS IMPROVEMENT
CHICAGO, September 27, 2012 – MW Industries, Inc., a leading U.S. manufacturer of highly engineered specialty springs and fasteners, announced today the relocation of its corporate headquarters to the Chicago area in a move that will provide a new base of operations and better situate the company to achieve its aggressive growth plans. The new offices are located at 9501 Technology Boulevard in Rosemont, IL.
Bill Marcum, CEO of MW Industries, commented: “As we continue to move forward with our growth plans, our new offices give us updated and increased space to accommodate the company’s continued expansion. We identified several possible locations and selected Rosemont for its unparalleled access to transportation. In addition, being located in this state of the art corporate center in the Greater Chicago area will better enable us to retain and attract talented employees who will help drive our business.”
MW, a portfolio company of Genstar Capital, has implemented a number of strategic enhancements and completed acquisitions that have already strengthened the company. The Company acquired Pontotoc Spring, a leading manufacturer of aftermarket coil springs and manufacturer of metal stampings for industrial, consumer and automotive applications; the assets of Hi-Tech Machine, a precision machining business that serves the medical, aerospace, military/defense and hand power tool markets, and; Economy Spring, a manufacturer of springs using advanced, high-tech coiling applications, metal stampings, and wire forms serving predominantly the medical end-market.
Rob Rutledge, a Genstar Capital Principal, said, “We are pleased with MW’s rapid progress since our acquisition last year and we have a commitment to continue to invest and upgrade the company as we position it for further growth. MW is quickly becoming a world class company with customers, partners, and employees located around the country and it deserves the modern headquarters it now occupies.”
The Rosemont Corporate Center is a modern, highly energy efficient building located near Chicago’s O’Hare Airport and hotels that will allow for expedited travel and accommodations for its employees and customers. MW will occupy approximately 8,000 square feet in the building whose primary tenant is Cisco Systems. MW Industries’ previous headquarters was located in Logansport, Indiana.
About MW Industries
MW Industries, Inc., headquartered in Chicago, Illinois, is a leading provider of highly engineered springs, specialty fasteners and other precision components to more than 23,000 customers. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, heavy truck, electronics, agriculture and construction, military and aerospace, energy and automotive.
About Genstar Capital, LLC
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than $3 billion of committed capital under management and targets investments focused on selected sectors within the life science, healthcare services, software and software services, financial services, and industrial technology industries.”
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