CHICAGO - MW Industries, a leading provider of highly engineered springs, specialty fasteners, machined parts, and other precision components, announced today the acquisition of Servometer and BellowsTech, world leading manufacturers of precision engineered bellows and electroformed components. Both companies have developed innovative technologies to service mission critical applications across a variety of markets.
Located in Cedar Grove, NJ, Servometer designs and manufactures a high quality line of miniature bellows, flexible shaft couplings, contact springs and bellows assemblies. BellowsTech, located in Ormond Beach, FL, markets a premier line of edge welded bellows and assemblies, encompassing a wide array of alloys and dimensional configurations. Both companies' product technologies complement each other in terms of size, compatibility, pressure, and temperature capability.
Bill Marcum, CEO of MW Industries, said, "The Servometer and BellowsTech brands have an excellent reputation for quality, technology, material flexibility and engineering expertise. The company's products and workforce are highly complementary to our existing business base, and as part of the MW integrated family of companies, we believe that both Servometer and BellowsTech are better positioned to penetrate and expand in our existing markets, including aerospace and aviation, semiconductor, medical, energy, and other industrial markets."
MW has completed a number of acquisitions to strengthen its product offerings and customer base and is currently evaluating a strong pipeline of possible transactions.
About MW Industries
MW Industries, Inc., headquartered in Rosemont, IL, is a leading provider of highly engineered springs, specialty fasteners, machined parts and other precision components to more than 23,000 customers in over 35 countries. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including aerospace, medical, electronics, energy, agriculture/construction, automotive replacement and military.
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SOURCE MW Industries, Inc.