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P&M Corporate Finance, LLC Announces the Sale of Sure Fit Metal Products, Inc. to Progressive Metal Manufacturing Company
Southfield, MI (December 7, 2006) — P&M Corporate Finance, LLC (“PMCF”) is pleased to announce the sale of Sure Fit Metal Products, Inc. to Progressive Metal Manufacturing Company. PMCF served as exclusive financial advisor to Sure Fit Metal Products, Inc. Based in Livonia, Michigan, Sure Fit is a Tier 1 supplier of stamped metal parts, primarily to the heavy truck industry.
Through the acquisition, Progressive will integrate Sure Fit’s complementary capabilities and increase operational capacity. The resulting combination of the two companies will provide Progressive with additional scale and expertise to better serve its customer base.
About Sure Fit Metal Products, Inc.
Based in Livonia, Michigan, Sure Fit was formed in 1952 and primarily serves the heavy truck, automotive and aerospace industries. It specializes in the manufacture of custom stampings, utilizing a variety of techniques and services, including press brake forming, welding, sheering, tooling, finishing and assembly.
About Progressive Metal Manufacturing Company
Progressive, located in Ferndale, Michigan, is a leading manufacturer of high quality metal stamped component parts, primarily to the heavy truck industry. It is a Tier 1 supplier to major OEMs such as Freightliner, General Motors and General Dynamics, among others.
About P&M Corporate Finance, LLC
P&M Corporate Finance, LLC is a boutique investment bank providing merger and acquisition services to middle-market companies in North America and Europe. PMCF has dedicated industry teams providing services to the life sciences, business services, building products and industrial industries. PMCF is headquartered in Southfield, Michigan with additional offices in Cleveland, Ohio and Chicago, Illinois.
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