DAYTON, OH – Dayton Progress Corporation, headquartered in Dayton, Ohio has acquired the business and assets of Lane Punch Corporation. Lane Punch, a manufacturer of metal stamping tools, was established in 1965 and has manufacturing locations in Michigan and North Carolina. During 2011 Dayton progress will transfer all production from the two Lane plants to Dayton Progress factories in Ohio, Canada, Mexico, Europe and Asia, nearer to the customers of Lane.
“The purchase of Lane Punch greatly enhances Dayton’s position as the industry leader in the Metal Stamping and Forming Tooling industry”,said Alan Shaffer, President & CEO of Dayton Progress. “Dayton Progress is in its 65th year of tool making excellence, innovative products, and outstanding customer service.”
Dayton Progress is a recognized leader for manufacturing and supplying tools and accessories to the Metal Stamping and Metal Forming industries globally. Dayton’s more than 800 employees ship millions of tools each year from its 10 factories in North America, Europe and Asia to 20,000 customers in 70 countries.