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Article: Acquisitions drive new auto supplier; Cerion buys bankrupt metal-parts makers.(NEWS)
- Article from:
- Crain's Detroit Business
- Article date:
- July 20, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: RYAN BEENE
Rising from the ashes of three bankrupt auto parts manufacturers in the stamped- and cast-metal component sector is Cerion L.L.C., a new manufacturer coming to life through acquisitions that could be capable of generating nearly $1 billion in revenue.
Plymouth-based Cerion and parent company Revstone Industries L.L.C. of Paris, Ky., have since December acquired the die-cast metal component business of Contech L.L.C., almost all the assets and operations of fine blanking and metal stamping firm Precision Parts International Inc. and, on July 14, the assets of castings producer Intermet Corp.
Revstone is headed by George ...
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Article: CERION TECHNOLOGIES ANNOUNCES COMMENCEMENT OF INITIAL ...
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700+ words
... ... Nashua Corporation (NYSE: NSH) and Cerion Technologies Inc. today jointly announced ... 840,000 shares of common stock of Cerion Technologies Inc. (Nasdaq: CEON) at ... offered, 1,615,000 are being sold by Cerion and 2,225,000 are being offered by ...
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