Pace Industries, a leading custom die-casting, engineering and manufacturing provider to the automotive, commercial vehicle and other industries, has relocated its global headquarters from Fayetteville, Ark., to Novi, Mich. The move expands Pace Industries’ presence in the Detroit area.
Pace Industries expects to initially employ 75 full-time employees with the intent to expand, according to the company.
“Pace Industries has a rich history of supplying the transportation and industrial manufacturing industries and is poised for continued growth,” said Donald Hampton Jr., CEO of Pace Industries. “Relocating to the Detroit area provides us with more access to our extensive customer and supply base and to the rich talent in the region. Our vision is to become the premier die casting manufacturing and engineering solutions supplier serving customers within multiple sectors worldwide.”
Pace Industries, which started as a small die-casting facility in Harrison, Ark., in 1970, was acquired by TCW Group and Cerberus Capital Management LP in June 2020. The company currently provides a variety of structural, cosmetic and machined products to several market leading transportation, recreational and consumer goods manufacturers.
As part of the move, a new Shared Services Center has been established in Fayetteville, while the executive, engineering, sales, marketing and other customer-facing teams are based in the new Detroit office.
“As our company looks at what’s next, our ability to exceed the needs of key customers through various metals, and engineered solutions make us a natural partner for leaders in those markets,” Hampton said.