COMPLETES DIVESTITURE OF MPI LLC
TO MONOMOY CAPITAL PARTNERS; MYRA MORELAND
announced today that it has completed the divestiture of MPI LLC
to Monomoy Capital Partners
Terms of the transaction were not disclosed.
Today's divestiture coincides with Myra Moreland moving into the role of Revstone President.
Foremost among Moreland's responsibilities will be oversight of the Revstone Transportation Group
whose companies include Contech Castings
, a global leader in lightweighting and aluminum die casting; Metavation
, an innovator in damper solutions for automotive companies and Texas Die Casting.
"This is a critical step on the path to stability and growth for Revstone," said Myra Moreland, Revstone President.
"We are pleased to move forward and ensure our place as a dynamic player in global manufacturing."
Myra Moreland's previous position at Revstone was Executive Vice President - Sales, Marketing and Communications.
Moreland has been with Revstone since 2009.
Prior to joining Revstone, Moreland held a number of executive positions at automotive manufacturing and consulting companies.
Most recently, she was President of Moreland Consulting Services.