By Alyssa Schnugg
Amsted Automotive Group’s Burgess-Norton Mfg. Co., Inc. unit announced today that it has acquired the SMW Manufacturing Company located in the Lafayette County Max D. Hipp Industrial Park.
SMW is an engineer of cold-formed and precision-machined components for the heavy truck, automotive, mining, construction, infrastructure, and industrial markets.
The company moved into the old Caterpillar plant that closed in 2016.
Jon Maynard, president and CEO of the Oxford and Lafayette County Chamber of Commerce and EDF, said he expects additional growth in SMW with this purchase.
The Lafayette County location employs about 65 people.
The missions and corporate cultures of SMW and Amsted Automotive Group are fully aligned to provide the absolute best in innovative net-formed products to give its customers a competitive advantage, according to a press release from Amsted.
SMW and Amsted Automotive Group offer components at the highest quality and deliver efficient, cost-effective propulsion solutions to the broad range of markets served.
“The acquisition is a strategic complement to Amsted Automotive Group’s diverse portfolio and expands our competitive offerings into the broader scope of industrial and infrastructure markets,” said Jeremy Holt, President of Amsted Automotive Group. “SMW’s cold-formed capabilities will expand the Group’s capacity and range and further our position as a dynamic global engineering and manufacturing powerhouse of precision, net formed, and engineered products for commercial vehicle, industrial, energy/infrastructure, and ICE/EV automotive markets. I’m more energized than ever about the breadth of products and solutions that the Amsted Automotive Group companies—Means Industries, Burgess-Norton, and now SMW—can offer our global customer base for a broad range of applications.”
SMW Manufacturing was founded in Munith, Michigan in 2004, as a distributor of screw machine products and parts. The company grew and transitioned into cold-forming products for the heavy truck industry, notably high-precision components manufactured from low-carbon steel, stainless and aluminum.
The company has had accelerated growth, now with five facilities in the U.S. and more than 250 employees.
Its Mississippi location is a vertically integrated manufacturing plant with some of the largest cold-forming equipment in the world.