Defiance Metal Products to merge with company
MAYVILLE, Wis. — Mayville Engineering Co. Inc. has acquired Defiance Metal Products, an Ohio-based manufacturer of metal products for the commercial vehicle, agriculture, construction and military industries, through a private stock purchase.
As a result of the acquisition, DMP, which has a manufacturing plant in Bedford, will become a member of the employee-owned MEC family.
DMP, which is headquartered in Defiance, Ohio, is a full-service metal fabricator and contract manufacturer with two facilities in the Defiance, Ohio area, one in Heber Springs, Arkansas, and another in Bedford.
MEC has 16 facilities in five different states — Wisconsin, Michigan, Virginia, North Carolina and Mississippi — and provides a broad range of prototyping, production manufacturing, fabricating, tube forming, coating and assembly services to a variety of markets including commercial vehicles, on and off-road recreational vehicles, agricultural, construction, military, turf care, mining, medical and industrial.
“This acquisition brings together two great companies into one great team,” Robert Kamphuis, chairman, president and CEO of MEC, said in a statement. “DMP and MEC both have long histories, blue-chip customers and a talented and committed workforce. We’re delighted to welcome DMP’s employees to the MEC family, and we’re excited to work together to keep growing our expanded company.”
Steve Mance will continue as president of DMP, and will be involved in integrating the two companies. It is anticipated that all of DMP’s 975 employees will remain with the organization, and no changes are expected in the foreseeable future.
“We are very excited about this acquisition and what it means for our employees and our customers,” Mance said in a statement. “Both DMP and MEC are outstanding companies with solid corporate values and great employees that will be important for the future. MEC is clearly a strategic long-term investor that is excited about growing the combined company. This acquisition strengthens our joint future and enhances our ability to compete for the long term.”
Kamphuis said the result of the acquisition is a stronger, better company.
“MEC and DMP combined create greater customer and industry diversification, providing more products and processes through an expanded geographic footprint. Overall, two great companies become one great team,” Kamphuis said.
The acquisition is effective immediately. Terms of the transaction were not disclosed.