Hastings Manufacturing Company, a nearly 100-year-old global manufacturer of piston rings based in Hastings, Michigan, has been acquired by RFE Investment Partners, together with management.
RFE Investment Partners is a private equity firm based in New Canaan, Connecticut, with over 30 years of experience investing in growth companies with strong management teams operating in the manufacturing and service sectors.
RFE is actively investing its eighth fund, and currently manages more than $450 million in committed capital.
“We are very excited to partner with RFE Investment Partners and continue to grow the business,” commented Bob Kollar, President and CEO. “RFE has a strong track record of acquiring businesses and successfully taking them through their next phase of growth.”
Hastings Manufacturing Company designs, processes and manufactures piston rings globally for the worldwide engine manufacturing and remanufacturing industries. The company holds TS16949 and ISO14001 registrations, and is an approved piston ring supplier to Aftermarket Specialists and OEMs worldwide.
For more information, visit www.hastingsmfg.com.