Melling Engine Parts, Jackson, Mich., has entered into an exclusive agreement to purchase majority equity ownership in Hytec DeBartolo LLC, doing business as Hytec Automotive.
The due-diligence process is ongoing and the company expects to have the transaction completed by year’s end, according to a press release.
Hytec Automotive is an engineering and manufacturing-based supplier of new water pumps to the North American aftermarket.The company offers extensivecoverage on passenger car, light truck, medium and heavy-duty truck, industrial, marine, high-performance, domestic and import applications, according to the release.
“The addition of the Hytec Automotive product line, with their engineering and manufacturing capabilities, allows us to extend our fluid pump expertise, enhancing our global manufacturing footprint and create stronger synergies to serve the worldwide transportation industry,” said Mark Melling, president and CEO of Melling Tool Co.
An engineering-based company, Hytec designs, manufactures, packages and delivers assembled water pumps that are ISO-, QS- and OEM-certified. Melling is a manufacturer of fluid pumps including oil, water and fuel pumps for gas, diesel, transmission and hybrid applications as well as other power train components to the worldwide transportation industry.