Indiana company purchases Pontotoc Spring; terms not disclosed
by Associated Press
Published: February 20,2012
Tags: acquisitions, automobiloe, Automotive, automotive industry, Cars, manufacturer, manufacturing, mergers, plant, supplier, trucks, vans, vehicles
PONTOTOC — Pontotoc Spring, which makes coiled springs for the automotive aftermarket, as well as metal stampings for automotive, industrial and commercial applications, has been acquired by an Indiana company.
Terms of the deal were not disclosed.
MW Industries of Logansport, Ind., made the announcement.
Pontotoc Spring employs 90 workers.
Pontotoc Spring general manager Allen Roye says the acquisition would give his company more resources and offer new products to existing and new customers.
Roye says they do not expect any loss of jobs.
MW Industries manufactures specialty springs and fasteners.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- District at Eastover construction to start later this year
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- Fervor grows for Tuscaloosa Marine Shale
- Keeping Our Eye On Nathan McNeill
- Forward-thinking power companies transform “disruptions” into opportunities
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- WILLOUGHBY: Rubinsky grows First Class Linen from ground up
POST A COMMENT