Melling Tool Co., Jackson, Mich., has announced a tentative agreement for the purchase of Rush Metals in Billings, Okla., a subsidiary of Cloyes Gear and Products Inc., Fort Smith, Ark.
The final closing is expected to occur by the end of March, according to a press release.
Rush Metals manufactures sintered metal products for the automotive, industrial, agriculture and aftermarket automotive components industries. It has been in business for 45 years, the last 30 as a Cloyes company, according to the release.
Melling plans to rename the facility Melling Sintered Metals.
“We are pleased to be offered this opportunity,” said Mark Melling, president and chief executive officer. “This business provides Melling an opportunity for some additional vertical integration, which fits well with our overall growth strategy. We are also quite impressed with the facility, their strong processing skills, and the diversity of the customer base. And, of course, we are excited to welcome the management team and employees of Rush Metals into the Melling family.”
Melling manufactures 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.