Hayes Lemmerz Division Launched as Independent Foundry Supplier

July 7, 2005
CMI serves molding, coremaking, melting, and finishing operations

Automotive parts manufacturer Hayes Lemmerz Intl. Inc. has sold its wholly-owned equipment and engineering subsidiary to Todd G. Carlson and Daniel D. Minor. Minor is a former Hayes Lemmerz employee. No sale price or terms have been announced.

The business, centered in Au Gres, MI, will be renamed CMI-Equipment and Engineering Inc. CMI engineers and manufacturers equipment and systems for foundries, including molding, coremaking, melting, and finishing operations. It has approximately 50 employees.

Hayes Lemmerz is headquartered in Northville, MI.

"This division has a broad customer base and an excellent reputation in the marketplace," said John A. Salvette, Hayes Lemmerz vice president of Business Development. "The divestiture is part of our strategy to streamline Hayes Lemmerz, and still retaining CMI-Equipment and Engineering as a valued supplier."

"I am excited about this transaction," commented CMI-Equipment and Engineering’s president Daniel Minor. "This will encourage continued growth in the business. We look forward to continuing to support Hayes Lemmerz while creating greater opportunities to secure business with a wider range of equipment users."