EPTEC S.A. DE C.V. HAS BEEN ACQUIRED BY JD NORMAN INDUSTRIES, INC.
Birmingham, Michigan – March 12, 2014 – Angle Advisors is pleased to announce that JD Norman Industries, Inc. (“JD Norman”) has acquired EPTEC S.A. De C.V. (“EPTEC” or the “Company”) from Revstone Industries, LLC (“Revstone”). Angle Advisors acted as the exclusive investment banking advisor to EPTEC and Revstone in completing this transaction.
Based in San Luis Potosi, Mexico, EPTEC is a leading provider of high-precision, fully-machined critical components for the automotive industry. Operating from a state-of-the-art 110,000 square foot facility with over 400 workers, EPTEC is recognized as a world class supplier by automotive OEM’s, as well as Tier I suppliers. The Company is a leader in precision machined connecting rods, corner assemblies, knuckles, flanges, and various other components. With a premier reputation in the marketplace based upon quality, reliability, and service, EPTEC is capable of machining aluminum, steel forgings, gray and ductile iron castings, and powdered metal products.
“The acquisition of EPTEC completes a key strategic growth initiative for JD Norman,” said Justin D. Norman, President and Chief Executive Officer, JD Norman. “JD Norman has operated a stamping plant in Mexico since 2008. The addition of a machining facility matches the strong demand from our customer base and enhances our North American footprint for machined product.”
Robert Carney, the Chief Executive Officer of EPTEC, added, “We are very pleased to have completed this transaction with JD Norman Industries. EPTEC’s precision machining capabilities complement JD Norman’s other operations, as well as increasing JD Norman’s footprint in Mexico.” Mr. Carney continued, “We’d like to thank the team at Angle Advisors for managing this transaction on our behalf. Their knowledge of EPTEC’s business, as well as their vast experience in completing cross-border transactions, was invaluable.”
JD Norman Industries, Inc. is a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United Kingdom. JD Norman is a leader in the manufacturing of highly engineered products including formed, machined, and cast metals. The company serves major original equipment manufacturers of automotive, industrial, and transportation products. For more information, visit www.jdnorman.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 34 professionals have completed 105 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.
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