The MPI Corporation has been sold. Headquartered in Michigan, and with a factory in Knox and three others in the country, MPI is one of the world’s leading manufacturers of automatic transmission products, supplying automotive original equipment manufacturers with clutch plates, separator plates, and backing plates.
A New York private equity fund focused on value investing and business improvement has acquired the assets of MPI from Revstone Industries, LLC. Mark Mitchell, the CEO of MPI, stated in a press release that Monomoy Capital Partners will provide MPI with the necessary resources and capital to expand and improve operations.
