Mangas Tool News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The financial terms of the deal have not been disclosed. “The acquisition of Mangas…expands [our] manufacturing footprint for services to our current and growing customer base in the tooling market with a presence in the southern U.S.,” AarKel officials said in a statement. Advertisment Mangas will now operate as Mangas, a division of AarKel Tooling and Engineering Inc. Aarkel and its new Mangas division has been, and will continue to be a strategic supplier of tooling to Pace Industries. The statement also said that AarKel is now “globally positioned with strategic full-service tool...

The local manufacturer has acquired the operating assets of Mangas Tool and Die in Alabama. Officials say having a presence in the southern US will allow the company to expand its reach into more American markets as well as Mexico and overseas. In a statement released over the weekend, the company says “Now globally positioned with strategic full service tooling and engineering capabilities in Canada, Mexico, India and the United States, with supported manufacturing in China, Europe and Brazil, the AarKel Tooling Group of companies continues to expand the boundaries of innovation and custom...