Pace Industries, Port City Group Announce Merger
July 1, 2015
Pace Industries, Fayetteville, Ark., and Port City Group, Muskegon, Mich., have announced a merger that will establish a combined company of 12 divisions and 21 facilities with sales of approximately $600 million in the U.S. and Mexico.
Pace Industries is a leading aluminum, zinc and magnesium diecasting company offering capabilities and services such as advanced engineering, tool making, prototyping, machining, finishing and painting. Port City Group is a fully integrated manufacturer of aluminum die castings, zinc die castings, mechanical assemblies and injected molded plastics.
“Blending the strengths of Pace and Port City Group 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,” said Scott Bull, president and CEO, Pace Industries.
Port City Group will become a division of Pace Industries. John Essex will remain in his current role as CEO of Port City Group while joining Pace’s board of directors as one of its largest shareholders.
“We needed a platform for our growth that would provide us greater geographical reach than what we had with our Michigan-based facilities,” Essex said. “This merger will provide needed capacity in closer proximity to some of our customers in North America while expanding our production capability.”