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Magna Enters JV with Chinese Automotive-Seating Specialist

Tuesday, May 2, 2017
Automotive supplier Magna International, Aurora, ON, has entered into a joint venture with Hubei Aviation Precision Machinery Co., Ltd., Xiangyang, China, an automotive seat-mechanism and structure-component supplier. With the agreement, which is expected to close in the fourth quarter of 2017, Magna seeks to expand its reach in China and throughout Asia.

For more on Magna’s international efforts, visit

And for more on Hubei Aviation’s automotive-seating products, visit

Multi-Blanking Line Slated for Pacific Metal

Monday, May 1, 2017
Coil-processing equipment supplier Red Bud Industries, Red Bud, IL, recently received an order for a precision multi-blanking line from Pacific Metal Co., Tualatin, OR, a steel service center. The line will feature Red Bud’s precision grip feed-system and a CNC-programmable slitter, expanding Pacific Metal’s blank-producing capabilities.

For more on Red Bud Industries’ line of coil-processing equipment, visit

And for more on Pacific Metal’s offerings, visit

Littlejohn Capital Acquires Maysteel Industries

Tuesday, April 25, 2017

LJC Investments III, LLC, an investment vehicle controlled by Littlejohn Capital, LLC, Greenwich, CT, announced the acquisition of Maysteel Industries, LLC, a designer, engineer and manufacturer of OEM sheetmetal enclosures, electrical cabinets and metal-fabricated assemblies. Maysteel has manufacturing locations in Allenton, WI, and Monterrey, Mexico, and formerly was owned by Revolution Capital Group, LLC.

For more on Maysteel’s offerings, visit

And for more on Littlejohn Capital’s investment portfolio, visit


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