Melling has announced its acquisition of Preferred Components Inc., an aftermarket timing systems supplier. Preferred Components Inc. (PCI), based in the Seattle area, will continue to operate in its current location as a separate division of Melling Tool Co.
“PCI is a perfect acquisition for Melling, bringing with it additional skills, knowledge and resources to strengthen our timing line,” said CEO Mark Melling.
Laura Short, vice president of aftermarket sales, added, “The Melling sales group is thrilled to add the PCI timing line to complement our Mell-Gear brand and provide our customers additional options under the Melling umbrella.”
Mike Rose, president of Preferred Components Inc., will retire after 26 years in business and says he “couldn’t be more confident and thrilled with the acquisition by Melling Tool Co.”
“We have developed what we feel is the best quality timing line in the aftermarket,” said Rose. “Knowing that Melling Tool Co. will continue business as usual with our same highly dedicated team, should ease customer’s minds. To everyone who supported our efforts over the years, I want to say thank you. It has been a sincere pleasure working with all of you.”
