Plymouth, MI-Cerion LLC has completed the purchase of assets of Portage, MI-based Contech out of Chapter 11 reorganization. Terms of the transaction were not disclosed.
Contech Castings LLC will continue to serve the global automotive market with die cast components. Cerion is a privately-held manufacturing company focused on acquiring and operating small and medium-sized precision manufacturing operations. The Contech purchase is Cerion’s third in the past seven months.
“Cerion is building a manufacturing-oriented business focused on providing customers in a variety of industries with world-class products and services,” says Cerion LLC chief executive officer Dave Doster. “Contech is recognized as an industry technology leader and also has the strong customer relationships that Cerion values.”