MW Industries, Inc. Announces Acquisition of Pontotoc Spring

MW Industries, Inc., a leading U.S. manufacturer of highly engineered specialty springs and fasteners, continued the expansion of its operations with the announcement today of its acquisition of Pontotoc Spring of Pontotoc Mississippi, a division of Union Spring & Manufacturing Corporation of Monroeville, Pennsylvania.
 
Pontotoc Spring is a leading manufacturer of aftermarket coil springs. It also manufactures metal stampings for industrial, consumer and automotive applications. Bill Marcum, CEO of MW Industries, commented on the acquisition of Pontotoc Spring, “Pontotoc meets our strategic objective of continuing to identify strong companies that will further build our business. We are excited to add its strong operations, employees and customer base and anticipate expanding Pontotoc’s business as part of MW.”

Allen Roye, General Manager of Pontotoc Spring, added, “We are very pleased to be joining MW Industries to further build and invest in our operations. As part of MW, we will have additional resources that will allow us to continue providing an unmatched level of customer service and new product offerings for both our existing and new customers.”
 
MW Industries is a portfolio company of Genstar Capital, a San Francisco based private equity firm that focuses on investments in selected segments of the industrial technology, life sciences, healthcare, financial services and software industries. Last year, MW acquired Economy Spring, a manufacturer of springs using advanced, high-tech coiling applications, metal stampings, and wire forms serving predominantly the medical end-market. Rob Rutledge, a Principal at Genstar who leads the firm’s industrial technology vertical commented, “We are pleased with MW’s progress and are excited to be acquiring Pontotoc Spring as we continue the growth of MW organically and through acquisitions.”