Italy’s Agrati Acquires Continental-Midland
FEATURE
Italy’s Agrati Acquires Continental-Midland
Italy’s A. Agrati S.p.A. acquired ContMid Holdings, Inc. from equity firm Monomoy Capital Partners for an undisclosed amount.
Park Forest, IL-based CMG is a $240 million manufacturer of custom-engineered metal fasteners, cold formed parts and stampings for car makers, automotive suppliers, and industrial manufacturers. CMG markets its products, which include safety-critical seat belt fasteners, automobile door strikers and wheel nuts, under the trade names Continental/Midland, Jacobson, Tiffin, MSD Stamping and Minuteman Distribution.
CMG also provides Taptite and Torx products and wheel nuts throughout North America.
Led by CEO Phil Johnson, CMG operates six facilities in Illinois, Indiana, Ohio and Michigan and employs 650 workers. Web: contmid.com
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For more Continental/Midland articles, click on the Fastener History section of GlobalFastenerNews.com:
2014 FIN – Continental/Midland Acquired by NY Equity Fund
Monomoy VP McKenzie: “Under the leadership of the Kaminski family, the company has built a leading automotive and industrial supplier with an impressive customer list.”
2005 FIN – Number and Size of Fastener Acquisitions Increase in 2004
Hagan: Low interest rates,easing of credit and improved economy create excellent conditions for buyers.
2004 FIN – Kaminski: Ready to Find New Success
Continental/Midland sold and bought back.
1991 FIN – Continental/Midland and Nitto Seiko Enter Agreement to Supply North American Customers
Long-term goal is a joint venture manufacturing plant in Ohio.
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