Springfield, OH – The McGregor Metalworking Companies announced today that it has completed an asset sale of its SC Metal Products (SCMP) division in Aiken, SC, to Batesville Tool and Die, Inc. (Batesville.) The terms of the deal were not disclosed.
“We are pleased to sell our SC Metal Products business to Batesville, who has stated an interest to grow the business, retain its dedicated workforce and maintain a steady supply of products to its remaining customers,” said Dan McGregor, chairman of the board. “Another beneficiary of this transaction will be our operations in Springfield, Ohio where a significant portion of work has been relocated, further cementing our allegiance and commitment to our hometown,” he added.
In preparation for the move of a portion of work from SCMP, McGregor Metalworking invested more than $500,000 in upgrades in equipment and machinery in its Springfield, Ohio facilities. An added benefit to the area is the creation of more than a dozen new jobs.
“Our strategic decision to sell SCMP to Batesville was the result of a detailed initiative that emboldens McGregor’s disciplined and focused advancement for years to come – it was the right thing to do, and at the right time,” Mr. McGregor commented. “We firmly believe that everybody wins in this transaction—our employees, our customers and our community,” he said.