Merger creates new global casting, machining supplier

May 02, 2013 | 02:35 PM | Samuel Frizell

Tags  Chassix, Diversified Machine, SMW Automotive, Platinum Equity, auto supplier, Robert Remenar, merger, precision chassis castings machining parts

NEW YORK — Two automotive suppliers of precision chassis castings and machining parts, Diversified Machine Inc. and SMW Automotive LLC, have merged to form a $1.2-billion company named Chassix Inc.

The new company will be one of the few global casting and machining suppliers to offer complete in-house services, according to Los Angeles-based investment firm Platinum Equity LLC, which purchased both companies and oversaw....

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