FAYETTEVILLE, Ark., March 9, 2010 – Pace Industries, North America’s largest custom aluminum die casting company, today announced the acquisition of Del Mar Industries Inc. zinc die casting business which was part of the company’s Del Mar Die Casting Business in Gardena, Calif.
The acquisition is effective immediately and enables Pace and Del Mar to significantly enhance the long term health of their respective businesses.
“Now more than ever, companies are looking for ways to efficiently grow business,” said Scott Bull, CEO, Pace Industries. “This acquisition not only helps us achieve that goal but strengthens our position and expands our capabilities in the zinc die casting sector.” The acquisition significantly increases the size of Pace Industries’ zinc operations, which puts the company in a much stronger position to serve its customers. Pace already conducts zinc die casting operations in St. Paul, Minn., North Billerica, Mass., and Harrison, Ark. In addition, the transaction allows Del Mar Industries to channel all of its resources into its magnesium and aluminum operations. Del Mar will assist its zinc customer base through the transition.
“We plan to be actively involved in the transition to ensure customers see a continuation of the quality and service they have come to expect from Del Mar,” said Doug Taylor, president and CEO of Del Mar Industries. “We view this as a positive move for each of our companies.” “Del Mar has a strong reputation and well-established customer base,” Bull said. “We are confident that this move will increase our capacity to provide quality products and uncommon solutions that contribute to the success of our customers.”
Pace Industries
Pace Industries is North America’s largest custom aluminum die-casting company with resources in aluminum, zinc and magnesium. The company formerly known as Leggett & Platt Aluminum Group houses 14 manufacturing facilities in the United States and Mexico, including: nine die-casting divisions, three tool and die shops, and two finishing and painting facilities with more than 2,700 total associates. Visit www.paceind.com for more details.
Del Mar Industries
Del Mar Industries was founded more than 65 years ago and currently provides aluminum die castings through its Los Angeles Die Casting Business and zinc and magnesium die castings through its Del Mar Die Casting Business. The company provides its customers with a single source for value added processing of its high pressure die castings. In the last 60 years, most Americans probably have touched, owned or used a die casting made at one of Del Mar Industries’ divisions. For additional details about the company, visit www.delmarindustries.com.
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