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The move from Fayetteville, AR to NOVI, MI expands Pace s presence in the Detroit area.
Jun 28th, 2021
NOVI, MI
Pace Industries, a custom die-casting, engineering and manufacturing provider to the automotive, commercial vehicle, powersports, lighting, lawn and garden, appliance, aerospace, defense, medical, and other industries – has relocated its global headquarters from Fayetteville, AR to Novi, MI. The move expands Pace Industries’ presence in the Detroit area.
The new state-of-the-art headquarters is located at 28125 Cabot Drive, Suite 120, Novi, MI 48377. Pace Industries expects to initially employ 75 full-time employees with the intent to expand.
“Pace Industries has a rich history of supplying the transportation and industrial manufacturing industries and is poised for continued growth,” said Donald Hampton, Jr., CEO of Pace Industries. “Relocating to the Detroit area provides us with more access to our extensive customer and supply base and to the rich tale
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Allens advises on one of largest private equity and capital markets transactions of 2021
Allens has advised Cerberus Capital Management on the acquisition of Westpac’s motor vehicle dealer finance and novated leasing business (Westpac Auto Business).
The Westpac Auto Business is one of Australia’s largest auto finance businesses, writing approximately $4 billion in loans annually.
Angle Finance – a Cerberus Capital Management portfolio company – will acquire the automotive dealer and introducer agreements, together with wholesale dealer loans of approximately $1 billion, strategic alliance agreements with vehicle manufacturers, and novated lease origination capability and related agreements
The Allens team incorporated expertise from across the firm’s practice groups to advise on all aspects of the acquisition, including M&A, banking and finance, regulatory, IT/separation, employment, competition, litigation and disputes, and FIRB clearance.
By Alex Druce
Disruptions at Gold Road Resources’ Gruyere operation in Western Australia have forced the $1.3 billion miner to soften its production guidance and lift its costs.
Gold Road was leading losses for the ASX 200 on Monday, down 8.5 per cent at a near seven-week low $1.30 in a fairly lacklustre morning for precious metals producers.
The company said disruptions at the Gruyere processing plant operations included a torn mill feed conveyor belt, which resulted in temporary repairs and reduced processing rates.
Gold Road Resources has had some mechanical troubles at the Gruyere mine.
Credit:Gold Road Resources
Following the shutdown of the milling circuit to replace the conveyor belt, a coupling on the ball mill failed.