Tool Co. this week announced a tentative agreement for the purchase of
Rush Metals in Billings, Okla. The deal is expected to close in
A subsidiary of Cloyes Gear and Products Inc., Rush Metals manufactures
a wide variety of sintered metal products serving the automotive,
industrial, agriculture and automotive aftermarket components
industries. Rush Metals has been in business for 45 years, the past 30
as a Cloyes company.
"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 plans to rename the facility Melling Sintered Metals.