Founded in 1942, Whitley Products has established itself as a niche manufacturer of diesel engine tubular products and has developed an outstanding reputation for quality and responsiveness based on its strong engineering, service and flexible manufacturing capabilities. Whitley Products specializes in fabricating tubular assemblies for pressure applications with a special focus on diesel injection lines, hydraulic tube assemblies, tube/hose assemblies, and brazed/welded assemblies.
In addition to its headquarters in Pierceton, Indiana, Whitley Products has more than 100,000 square feet of manufacturing space in two strategically located production facilities in Franklin, North Carolina and Plymouth, Indiana.
In the announcement, Mr. Thomas M. Begel, Chairman of TMB said, "We are very pleased to acquire Whitley Products an industry leader with a strong history of high product quality, superior customer service and state-of-the-art production facilities. TMB is excited to build upon these strengths and continue to grow the business as diesel engine technology evolves."
Financial terms of the transaction were not disclosed.
About Whitley Products
Whitley Products is a premier supplier of precision tubular products for diesel engines used in automotive, agricultural, off-highway, medium and heavy duty truck vehicles. For more information, visit www.whitleyproducts.com.
About TMB Industries
TMB Industries is a Chicago-based private equity firm focused on creating value through investing in industrial businesses and providing management and operational resources. TMB has acquired 39 businesses since 1989 and generally acquires industrial businesses with sales between $30 million and $500 million. For additional information, visit www.tmbindustries.com.