MITTLER BROS. MACHINE & TOOL HAS ACQUIRED CELLULAR CONCEPTS
Birmingham, Michigan – April 7, 2017 – Angle Advisors is pleased to announce that Cellular Concepts, Inc. (“Cell Con” or the “Company”), a subsidiary of U.S. Group, Inc., has been acquired by Mittler Bros. Machine & Tool (“Mittler Bros.”).Angle Advisors acted as the exclusive investment banking advisor to Cell Con in completing this transaction.
Based in Detroit, MI, Cell Con is a leading USA manufacturer of high value 3-axis horizontal and vertical CNC production modules, for use in special machine builds, as well as stand-alone machining centers. Cell Con’s products have evolved into two main product lines of 3-axis CNC units, with the ability to customize through numerous options for horizontal and vertical spindles, accommodating various options and alternative applications. Founded in 1987, the Company operates from a single facility in Detroit.
Paul Simon, President and second generation owner of Cell Con said, "We are proud to have Mike and Paul Mittler continue the legacy of our product line. A big factor in our decision was their commitment to USA manufacturing. Further, we would like to thank Angle Advisors for their hard work and tireless support in this transaction. Their industry knowledge, creativity and persistence throughout the process was critical to our ultimate success.”
Mike Mittler, President of Mittler Bros., commented, "We are excited by the opportunity to continue building this product line in the USA. We have been a Cell Con customer for many years and understand the value the machines deliver in quality and long-term production capability. We have used these modules in very demanding applications for over 10 years with great success."
Mittler Bros. Machine & Tool is a proud USA manufacturer that designs and builds special machines and produces a dedicated product line of metal working machines for the racing, hot rodding, light aircraft and custom metal fabrication markets that are sold worldwide. They operate in a 50,000 square foot modern manufacturing plant in Wright City, Missouri. For more information, please visit www.mittlerbros.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm’s professionals have completed 172 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.