CLEVELAND -- ASG, a division of standard tooling and specialty fastener manufacturer Jergens, said it has acquired all of the assets of MicroTorq. MicroTorq manufactures precision electronic fastener systems.
Terms of the acquisition were not disclosed.
Bryon Shafer, General Manager for ASG said "This acquisition transforms our business in Cleveland, Ohio, and makes us a comprehensive engineering, design, R&D and manufacturing facility, with a focus on DC electric transducerized precision fastening tools. In addition, the acquisition enhances our ability to provide complete fastening solutions to an increasingly quality conscious customer base in the critical / controlled fastening markets, such as automotive, aerospace and medical assembly industries."