Dayton Parts, Inc. To Be Acquired By Investment
Firm.
JPE, Inc. said that it will sell Dayton Parts, Inc., its
wholly-owned subsidiary, to an affiliate of Gen Cap America, Inc. The
transaction is expected to close within several weeks.
JPE, Inc. is a manufacturer and distributor of automotive and truck
components for the OEMs and the replacement parts markets principally in
North America. Operations are located in Beaver Creek, Ohio, East Tawas,
Michigan and Harrisburg, Pennsylvania.
Dayton Parts, Inc. manufactures and distributes springs and
spring-related products and distributes a variety of other undercarriage
replacement parts for trucks and trailers, consisting of suspension,
brake, wheel-end and steering products. Gen Cap America, Inc. is a
private investment firm that specializes in providing equity for
management buyouts and recapitalizations of middle market businesses.
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