ASG Division of Jergens Inc. Acquires Assets of MicroTorq LLC
May 24, 2010
CLEVELAND -- ASG, a division of Jergens Inc., a manufacturer of standard tooling and specialty fastener products, has acquired all of the assets of MicroTorq LLC of Traverse City, MI. MicroTorq, a manufacturer of precision electric fastener systems, including their industry standard transducerized screwdriver system. Terms of the acquisition were not disclosed.
Bryon Shafer, general manager for ASG, says, "This acquisition transforms our business in Cleveland and makes us a comprehensive engineering, design, R&D and manufacturing facility, with a focus on DC electric transducerized precision fastening tools. In addition, the acquisition enhances our ability to provide complete fastening solutions to an increasingly quality conscious customer base in the critical / controlled fastening markets, such as automotive, aerospace and medical assembly industries."
The revolutionary control system will be branded as X-PAQ, for its precision, accuracy and quality. This product line will be marketed under the newly created ASG Precision Fastening Group. ASG will provide full service repair, maintenance and calibration services for all ASG branded screwdrivers, as well as all comparable electric transducerized screwdrivers currently in the field, regardless of where or when the tool was purchased.
ASG, a division of Jergens Inc. specializes in precision assembly equipment for a wide range of industries, from light electronics to heavy industrial applications.
Founded in 1942, Jergens Inc. has grown into four separate operating divisions providing engineered solutions, key locking fasteners and industrial products in North American and throughout the world. Jergens is an ISO 9001:2008 certified company.