Saturday, August 23, 2008

Ace Precision Casting

Ace Precision Casting in Marshalltown, IA, has announced that it will be closing its doors.

Madison Kipp Corp. has arranged with Ace to serve as a preferred source for Ace customers who will be without a production resource once Ace closes its doors. This applies to customers whose product specifications and requirements meet Madison Kipp standards and can be produced at competitive prices at Madison Kipp.

Madison Kipp and Ace have not entered into any form of merger or acquisition agreement, Madison Kipp has no agreement to purchase any of Ace’s assets and Madison Kipp has entered no agreement to hire any former Ace employees. Madison Kipp has no responsibility for any Ace financial, vendor or employment obligations attendant upon the closing or settlement of its affairs.

Madison Kipp appreciates the opportunity to serve former Ace customers and looks forward to a good relationship with those what choose Madison Kipp.

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