MW Industries Announces Promotion of Scott Keihle
as EVP and Chief Operating Officer

Logansport, IN — July 20, 2011 – The Board of Directors of MW Industries, Inc., a leading U.S. manufacturer of highly engineered specialty springs and fasteners, today announced the appointment of Scott Keihle as Executive Vice President and Chief Operating Officer, reporting directly to Dan Sebastian, President and CEO.

In his new role, Mr. Keihle will have full responsibility for the operational aspects of the company, with Operational VPs and General Managers, VP Sales & Marketing and field sales force reporting to him. Mr. Keihle has been a member of the MW Industries team since 1996, holding positions in engineering, product development, sales and general management. His most recent assignment was managing the manufacturing and distribution operations in the western half of the US. Prior to joining MW Industries, he worked for 19 years at Associated Spring Barnes Group, Inc. in a variety of roles in engineering and general management.

Rob Rutledge, a member of the Board of Directors and a Vice President of Genstar Capital, a private investment firm that acquired MW Industries in June 2011, said, "We are pleased to have Scott increase his level of responsibility in the company and have him lead the company's operations." Mike Hurt, Chairman of the Board, added, "This move enables us to continue the growth and development of the company assuring its continued success."

About MW Industries

MW Industries, Inc. is a leading provider of highly engineered precision components, spring, and specialty fasteners for more than 23,000 customers. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, heavy truck, electronics, agriculture and construction, military and aerospace, energy and automotive.

About Genstar Capital, LLC

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than $3 billion of committed capital under management and targets investments focused on selected sectors within the industrial technology, life science, healthcare services, software and software services, and financial services industries.

 

Contact:
Dan Sebastian
MW Industries, Inc.
Ph: 574.722.8242
dsebastian@mw-ind.com

 

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