ASG/Jergens Acquires MicroTorq
5/25/2010 6:26:00 PM
ASG/Jergens Acquires MicroTorq
ASG acquired the assets of MicroTorq LLC.
Cleveland-based ASG, a division of Jergens Inc., manufactures standard tooling and specialty fastener products.
Traverse City, MI-based MicroTorq manufactures precision electric fastener systems, including a transducerized screwdriver system.
Terms of the acquisition were not announced.
The acquisition increases the Cleveland workforce by 35%.
ASG general manager Bryon Shafer said the acquisition “transforms our business in Cleveland, OH and makes us a comprehensive engineering, design, R&D and manufacturing facility, with a focus on DC electric transducerized precision fastening tools. In addition, the acquisition enhances our ability to provide complete fastening solutions to an increasingly quality conscious customer base in the critical / controlled fastening markets, such as automotive, aerospace and medical assembly industries.”
The control system will be branded as X-PAQ and marketed under the newly created ASG Precision Fastening Group.
ASG specializes in precision assembly equipment for industries ranging from light electronics to heavy industrial applications.
Founded in 1942, by Jack Schron Sr. as Glenn Tool & Manufacturing, Jergens is headquartered in a 130,000 sq ft facility on a 47-acre former rail yard at 15700 S. Waterloo Rd., Cleveland, OH 44110-3898. Tel: 216 486-5540 or 800 537-4367 Fax 216 481-6193. E-mail: info@jergensinc.com ©2010 GlobalFastenerNews.com
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