MW Industries, Inc. acquires selective assets of HS Spring of Kentucky, LLC

Logansport, IN — MW Industries, Inc. (MWI) has acquired selective assets of HS Spring of Kentucky, LLC ("HS Spring"), a division of Hasco, LLC. Terms of the transaction were not disclosed.

HS Spring, located in Louisville, KY, is focused on non-automotive customers. The business supplies precision mechanical springs for the retail and home improvement markets. They supply components that meet some of the most stringent quality standards in their markets.

Dan Sebastian, President and CEO of MWI, commented, "We are very pleased to be adding the products and services of HS Spring into the MWI family of companies. This acquisition will strengthen our offering of products and services into markets we are already servicing. We believe that our experienced manufacturing team of springmakers will be able to provide our new customers a seamless transition to a leader in quality and service in our industry. By investing into our core businesses at this time, we will be positioning MWI to improve our market position as the economy recovers."

Ed Reilly, Vice President of Eastern Operations of MWI, further stated, "HS Spring's unique technologies and strong customer base will add to our strong presence in this industry. We always respected HS Spring's competitive position and believe that by combining our efforts, we will provide cost-effective solutions to our customers."

MW Industries, Inc. is a manufacturer and distributor of springs, stampings, and specialty fasteners. Started 80 years ago as a single company, MWI today operates 13 facilities and employs approximately 900 people. MWI serves the global transportation, construction, agriculture, electronic, energy, power tool, and industrial machinery industries with precision-engineered custom parts and off-the-shelf catalog components.

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