Mergers & Acquisition

The CMI-Schneible Group Announces Acquisition of GPV

Share Like Tweet Add Email

CMI-Schneible Co.

714 N. Saginaw St., P.O. Box 100, Holly, MI, 48442, USA

Original Press Release

The CMI-Schneible Group Announces Acquisition of GPV

Press release date: May 24, 2007

HOLLY, Mich., May 24 / -- The CMI-Schneible Group, headquartered in Holly, Michigan, announced today it has acquired the assets of General Purpose Vehicles (GPV), located in New Haven, Michigan. The new organization will be named GPV, Inc.

GPV designs and manufactures advanced technology vehicles for various national security applications. GPV's customer base includes Homeland Security, Law Enforcement, Fire and Rescue, Disaster Response, Border Patrol and a variety of Military Mission Roles.

This transaction reflects the CMI-Schneible Group's fourth acquisition within four years. This successful track record with acquisitions and integration has allowed CMI to maximize its value to improve performance standards, as well as implement their quality initiative in manufacturing and engineering capabilities to all business practices areas.

"This new acquisition expands CMI's market presence and capability in the force protection and wheeled vehicle markets," says William Goetz, Chairman, President and CEO, CMI-Schneible Group. "This business opportunity is expected to expand rapidly as requirements for wheeled vehicles and new military equipment that withstand insurgent attacks increase."

The CMI-Schneible Group offers state of the art technology in machining, research and development, inspection and parts testing, warehousing and logistics services, cleaning and maintenance programs, and new equipment builds through the CMI-Schneible Company. CMI-Detroit Muscle offers award winning custom and high performance car and engine builds, a full line of car care products and the latest branded apparel for men, women and children. CMI- Specialty Systems supplies customized chemical solutions and packaging to a variety of industries, including automotive, aerospace, racing, paint booth, maintenance and the food service industry.

For more information contact the CMI-Schneible Group, 209 Elm Street, Holly, MI 48442, phone (800) 627-6508 or on the web CMI-Schneible Group thecmischneiblegroup.com or GPV www.gpv.com

Source: CMI-Schneible Group

CONTACT:Bill Goetz, GPV, Inc., 800-627-6508, wgoetz@cmischneible.com

Web site: http://thecmischneiblegroup.com/ http://www.gpv.com/

Share Like Tweet Add Email

Comments

comments powered by Disqus