Master Automatic Machine Company, Inc. has been sold to MacLean-Fogg Component Solutions, LLC.
Southfield, MI – CFI USA (P&M Corporate Finance, LLC) is pleased to announce that it served as the exclusive financial advisor to Master Automatic Machine Company, Inc. in its sale to MacLean-Fogg Component Solutions, LLC.
Master Automatic Machine Company, Inc. is a premier supplier of precision machined components and assemblies to a diverse set of OEM and Tier I automotive customers. The Company supplies a broad range of highly critical transmission, powertrain, steering components, and other automotive applications.
MacLean-Fogg Component Solutions (operating as part of the MacLean-Fogg family of companies) is a supplier of fastener components, engineered components, and engineered plastics serving many diverse industries.
MacLean-Fogg Company is a global enterprise with 26 global manufacturing facilities, annual sales in excess of $1 billion, and a worldwide workforce of more than 3,200 people. MacLean-Fogg is a privately held enterprise headquartered in Mundelein, IL USA. MacLean-Fogg is comprised of two primary businesses, MacLean-Fogg Component Solutions and MacLean Power Systems.
MacLean-Fogg Component Solutions (MFCS) acquired a majority stake in Master Automatic to form a joint venture with the MFCS Engineered Solutions Group of companies. PMCF served as exclusive financial advisor to Master Automatic Machine Company, Inc.
The transaction closed on 29 December 2020.
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