As published in Toledo Business Journal - February 1, 2019
Defiance Metal Products’ operations in Defiance
Defiance Metal Products acquired by MEC
All jobs to be retained; focus is on more customer benefits and growing expanded company
Mayville Engineering Company, Inc. (MEC), based in Wisconsin, has acquired Defiance Metal Products (DMP), an Ohio-based manufacturer of metal products for the commercial vehicle, agriculture, construction, and military industries, through a private stock purchase. As a result of the acquisition, DMP will become a member of the employee-owned MEC family.
DMP, which is headquartered in Defiance, is a full-service metal fabricator and contract manufacturer with two facilities in the Defiance area, one in Heber Springs, Arkansas, and another in Bedford, Pennsylvania. MEC is employee-owned, has sixteen facilities in five different states, Wisconsin, Michigan, Virginia, South Carolina, and Mississippi and provides a broad range of prototyping, production manufacturing, fabricating, tube forming, coating, and assembly services to a variety of markets including commercial vehicles, on and off-road recreational vehicles, agricultural, construction, military, turf care, mining, medical, and industrial.
“This acquisition brings together two great companies into one great team,” said Robert Kamphuis, chairman, president, and CEO of MEC. “DMP and MEC both have long histories, blue-chip customers, and a talented and committed workforce. We’re delighted to welcome DMP’s employees to the MEC family, and we’re excited to work together to keep growing our expanded company.”
Mayville Engineering Company’s headquarters in Wisconsin
Steve Mance will continue post acquisition as president of DMP, a MEC company and will be involved in integrating the two companies. It is anticipated that all of DMP’s 975 employees will remain with the organization, and no changes are expected in the foreseeable future.
“We are very excited about this acquisition and what it means for our employees and our customers,” Mance said. “Both DMP and MEC are outstanding companies with solid corporate values and great employees that will be important for the future. MEC is clearly a strategic long-term investor that is excited about growing the combined company. This acquisition strengthens our joint future and enhances our ability to compete for the long-term.”
Kamphuis said the result of the acquisition is a stronger, better company. “MEC and DMP combined create greater customer and industry diversification, providing more products and processes through an expanded geographic footprint. Overall, two great companies become one great team.”
The acquisition was effective immediately. The terms of the transaction were not disclosed.
