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Oxford Financial Group has acquired Parkway Products, the manufacturer of engineered components and subassemblies for OEMs and contract manufacturers (“CMs”) within aerospace, commercial and industrial markets.
Parkway utilizes advanced materials and processing technologies including light-weight composites and high performance plastics such as Torlon and PEEK. The company, founded in 1946, operates additional manufacturing facilities across the US and Mexico.
Parkway’s current management and employee teams will remain intact and will continue to provide world-class products and service to its customers. “We look forward to continuing to serve our customers and helping them maintain their market-leading positions,” said President and CEO Joseph A. Klunk. “We believe the support of Oxford Financial Group will allow us to continue to fulfil our mission to our customers, employees and communities.”
“We are very excited to have identified and delivered an excellent investment opportunity like Parkway to our clients,” said Jeffrey H. Thomasson, CEO and Founder of Oxford Financial Group. “Parkway is a leader in the industry and a trusted partner to their customers. We are pleased to partner with Joe and his team as they continue to grow Parkway.”
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