ASG Division of Jergens, Inc. Acquires Assets of MicroTorq LLC

Acquisition Expands ASG’s Product Offering and Increases Workforce in Cleveland by 35%

CLEVELAND – May 21, 2010 – 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 said “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.

Founded in 1942, Jergens, Inc. has grown into four separate operating divisions providing superior engineered solutions, key locking fasteners and industrial products in North American and throughout the world. The Jergens difference might be better engineering or better service but the result is always the same, a better solution for our customers. Jergens is an ISO 9001:2008 certified company. For more information, please contact Jergens, Inc. at Jergens Way, 15700 S. Waterloo Road, Cleveland, OH 44110-3898. Phone: 216-486-5540 or toll free: 800-537-4367; Fax: 216-481-6193. On the Web: www.jergensinc.com. E-mail: info@jergensinc.com.

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