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September 08, 2006 02:00 AM

VMI acquires MTI Corp.

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    STOW, Ohio (Sept. 8) — Tire machinery supplier VMI Americas Inc. has acquired Manufacturing Technologies International Corp. and created a division called VMI-MTI, through which MTI will continue its business.

    All MTI operations will be moved to a VMI facility in Stow. No staff changes are planned, including MTI President Robert L. Brown, who will continue on as president of the VMI-MTI division.

    VMI, with headquarters in the Netherlands and operations in Germany, the U.S. and China, said the acquisition of MTI was made to broaden the company's range of products for the rubber industry. MTI specializes in fully automated, single-cavity rubber injection systems; automated adhesive application systems; and assembly cells for the automotive, pharmaceutical and aerospace industries.

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