Chassix, Formerly SMW and DMI, Makes Global Debut
April 30, 2013
Chassix, Troy, Mich., has launched as a single integrated source for precision chassis casting and machining solutions. It was formed following Platinum Equity’s purchase and subsequent integration of the Diversified Machine Inc. (DMI) and SMW Automotive LLC (SMW) businesses, resulting in the creation of a $1.2 billion global automotive supplier. Robert J. (Bob) Remenar will serve as president and CEO of the newly integrated business.
“There is a huge demand for high-quality, advanced casting and machining suppliers, particularly those that are skilled in casting traditional ductile iron as well as those able to meet the growing demand for precisely machined lightweight aluminum components,” Remenar said.
With expanded global resources, Chassix offers total in-house services including design and engineering capabilities, and manufacturing operations in the U.S., Mexico, South America, Europe and China.
“The combination of these two large, complementary businesses not only doubles our global footprint but also marries two distinct areas of expertise: DMI’s leadership in casting with SMW’s leading 24/7 design and engineering expertise in machining,” Remenar said. “Together, they make a financially strong market leader with significant growth potential.”
Platinum Equity purchased DMI in December 2011 and SMW in January 2012. The integrated business serves a diverse customer base and has more than 3,600 employees in 25 locations in eight countries.
The name Chassix reflects the automotive chassis components that have been the bedrock of the DMI and SMW product lines, while the “x” implies a multiplier of the new company’s size and strength as well as its mission to exceed customer expectations.