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Spring Maker MW Industries Acquired by Quad-C

Tuesday, July 29, 2003
 
MW Industries, a maker of springs, fasteners and stamped products based in Logansport, IN, has been acquired by Charlottesville, VA-based Quad-C Partners Management, Inc., a private equity firm. MW had been owned by Harbor Group Industries, and during that eight-year run MW tripled in size, made six acquisitions and became the third-largest American-owned spring manufacturer, according to Daniel Sebastian, MW president and CEO. But he is excited about the new ownership. “This represents a significant step forward for MW,” he said. “Our new partnership will enable us to pursue additional complementary acquisitions, as well as provide us with the capital to support internal development programs.” For more, visit www.mw-ind.com.


McNichols Earns ISO 9001:2000 Cert.,
Names Purchasing VP

Tuesday, July 29, 2003
 
McNichols Co., Tampa, FL, a supplier of metal and fiberglass “hole” products such as perforated and expanded metal, wire mesh, bar grating, handrail fittings, safety gratings and floorings, has received ISO 9001:2000 certification at all 16 of its steel service centers throughout the United States. Also, the company has appointed Jim Sarwark as its vice president of purchasing. For more on McNichols, visit www.mcnichols.com.

Chicago Slitter Installs Line at Egyptian Distributor

Monday, July 28, 2003
 
Chicago Slitter, Itasca, IL, has installed a slitting system at Egyptian steel distributor Magd Steel. The 72-in. 50,000-lb.-coil-capacity line enables Magd Steel to process and distribute 301, 302, 304 and 316 stainless steel in thicknesses to 0.187 in. Line features include power tooling lock-up, in which a hydraulically powered mechanism locks slitter-head tooling in seconds while eliminating the need for wrenches, jet nuts and grease guns; a roll-only tension stand that eliminates surface damage and other problems associated with drag pads; and quick-tension roll interchange for oily and dry material surfaces. For more, visit www.chicagoslitter.com.

 

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