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MG closes acquisition of Applied Fusion Inc.

M2 EQUITYBITES-May 30, 2018-MG closes acquisition of Applied Fusion Inc

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Engineered components company IMG Companies LLC (IMG) stated on Tuesday that it has expanded its capabilities and customer base via the acquisition of Applied Fusion Inc (AFI), located in San Leandro, California.

For customers, vendors and other supply chain partners, this is a seamless transaction as personnel and core capabilities remain intact at AFI.

This business combination provides a unique opportunity to vertically integrate, deliver sustainable value to current customers and expand the possibilities with both current and new customers, said AFI CEO Jeff Musgrove.

Founded in 1972, AFI provides manufacturing solutions for high and tight tolerance applications predominately within the medical device, aerospace and defense and semiconductor sectors, including electron beam and laser welding, close tolerance machining, short-run prototype production and R&D services.

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Publication:M2 EquityBites (EQB)
Date:May 30, 2018
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