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Mayville Engineering Company Announces Definitive Agreement To Acquire Mid-States Aluminum Corp.

PUBLIC · MECJun 20, 2023

Acquiring Company

Mayville Engineering Company

Acquired Company

Mid-States Aluminum Corp

MilwaukeeManufacturingManufacturing

Description

Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced a definitive agreement to acquire privately held Mid-States Aluminum Corp. (“MSA”) for a total consideration of approximately $96 million, subject to customary adjustments. The proposed acquisition is expected to close during the third quarter 2023, subject to the satisfaction of customary closing conditions.

Quick answer

Mayville Engineering Company is acquiring Mid-States Aluminum Corp, announced June 20, 2023. Mayville Engineering Company is based in Milwaukee, Wisconsin, United States.

How much did Mayville Engineering Company pay for Mid-States Aluminum Corp?
The deal value was not disclosed.
What does Mayville Engineering Company do?
Mayville Engineering Company is a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets.
Where are Mayville Engineering Company and Mid-States Aluminum Corp based?
Mayville Engineering Company is based in Milwaukee, Wisconsin, United States.
Who are the decision-makers at Mayville Engineering Company?
Fundz holds 1 contact at Mayville Engineering Company. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Mayville Engineering Company

Location

Milwaukee, Wisconsin, United States

About

Mayville Engineering Company is a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets. The company specializes in custom metal fabrications, manufacturing services, and engineering solutions. It operates multiple production facilities across the United States and serves a wide range of industries. With a strong focus on quality and customer service, MEC is committed to delivering innovative solutions to its clients.

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Frequently asked

Who acquired Mid-States Aluminum Corp?

Mid-States Aluminum Corp was acquired by Mayville Engineering Company, based in Milwaukee. The deal was reported on June 20, 2023. Mayville Engineering Company is a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets. Mayville Engineering Company is publicly traded (MEC) and operates in Manufacturing.

When did Mayville Engineering Company acquire Mid-States Aluminum Corp?

Mayville Engineering Company's acquisition of Mid-States Aluminum Corp was reported on June 20, 2023. Mayville Engineering Company, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mid-States Aluminum Corp do?

Founded in 1964, Mid-States Aluminum Corp. is an industry-leading aluminum extrusion manufacturer with value-added capabilities including design and engineering services, extrusions, fabrication, anodizing and finishing, assembly and packaging. It is privately held, operating in Manufacturing.

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