FAYETTEVILLE, Ark. - An aluminum die-casting firm bought by a publicly traded company in 1996 has returned to private hands under its former name, Pace Industries Inc.
Leggett & Platt Inc. said today that it had sold its aluminum die-casting unit to its management and Kenner & Company Inc., a New York-based private equity firm that was the former owner of Pace.
Pace will maintain its headquarters at Fayetteville. The company has 19 manufacturing sites in 14 cities in the U.S. and Mexico, and is the largest privately owned custom non-automotive die-casting company in North America.