Metaldyne Performance Group, Inc. (NYSE: MPG), a leading provider of highly engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, announced it is consolidating its portfolio of iconic and historic metal-forming brands, many of which have been in existence for nearly 100 years.
Brands known for delivering world-class products, including HHI, Grede, Cloyes, Metaldyne, Jernberg, Impact Forge, NovoCast and FormTech, will now fall under the MPG moniker.
"Our business was formed nearly two years ago through a combination of three metal-forming technology manufacturing companies," said MPG CEO George Thanopoulos. "Integration has gone exceptionally well and exactly as planned. As such, we can now take the next step to brand ourselves solely as MPG."
Reorganizing to one brand reflects one unified organization although all the legal entities and reporting segments in the company will remain intact.
"The change to MPG reflects an ongoing integration of great companies that provide global customer solutions using advanced engineering and product development expertise," saidDoug Grimm, president and chief operating officer. "Our former iconic brands combine to make a stronger 'One MPG' and will further enhance our progress towards our long-term growth targets."
For more information on MPG please visit MPG's updated website, mpgdriven.com or follow MPG on Twitter (@mpgdriven) and on LinkedIn (MPG "Performance Driven").