MicroTorq LLC Acquired by ASG Division of Jergens Inc

ASG, a division of Jergens Inc., one of the world's leading manufacturers of standard tooling and specialty fastener products, announced today they have acquired all of the assets of MicroTorq LLC of Traverse City, MI. MicroTorq, a manufacturer of precision electric fastener systems, including their industry standard transducerized screwdriver system. Terms of the acquisition were not disclosed.

Bryon Shafer, general manager for ASG says "This acquisition transforms our business in Cleveland, OH and makes us a comprehensive engineering, design, R&D and manufacturing facility, with a focus on DC electric transducerized precision fastening tools. In addition, the acquisition enhances our ability to provide complete fastening solutions to an increasingly quality conscious customer base in the critical / controlled fastening markets, such as automotive, aerospace and medical assembly industries."

The revolutionary control system will be branded as X-PAQ, for its extreme precision, accuracy and quality. This product line will be marketed under the newly created ASG Precision Fastening Group. ASG will provide full service repair, maintenance and calibration services for all ASG branded screwdrivers, as well as all comparable electric transducerized screwdrivers currently in the field, regardless of where or when the tool was purchased.

ASG, a division of Jergens, Inc. specializes in precision assembly equipment for a wide range of industries, from light electronics to heavy industrial applications. To find out more about ASG comprehensive product offering, phone 216.486.6163, e-mail jaci.schill@jergensinc.com or visit us online at www.asg-jergens.com.