EXX Inc. Announces the Closing of the Acquisition of Newcor, Inc. by CIE Automotive, S.A.

Release Time：02 Mar,2017

ROCHESTER HILLS, Mich., March 1, 2017 /PRNewswire/ -- EXX Inc. today announced the completion of the acquisition of Newcor, Inc. ("Newcor" or "the Company") by CIE Automotive, S.A. ("CIE Automotive" or "CIE"), as previously announced. This partnership with CIE represents an opportunity for Newcor to leverage CIE's world-class capabilities as a machined components manufacturer, allowing Newcor to share these best practices as it continues serving its customers under its ongoing commitment to quality. About Newcor, Inc. Headquartered in Rochester Hills, Michigan, Newcor specializes in the manufacturing of high precision machined products for the automotive sector. The Company, including its subsidiaries, Machine Tool & Gear, Inc., Rochester Gear, Inc. and Deco Engineering, Inc., provides precision machined engine, powertrain and transmission components. Newcor's customers include automotive OEMs and leading Tier 1 suppliers. The Company operates three manufacturing facilities located in Clifford, Corunna and Owosso, Michigan. For more information, please visit www.newcor.com. About CIE Automotive S.A. Founded in 1996 and headquartered in Bilbao, Spain, CIE Automotive is a leading global manufacturer and supplier of automotive components and sub-assemblies. CIE is engaged in the design, manufacture and sale of components and sub-assemblies to the automotive market worldwide. It offers engine and powertrain products, interior and exterior trims, chassis and steering products, roof systems and more. For more information, please visit www.cieautomotive.com.