Michigan Seamless Acquisition LLC has entered into a contract with Vision Metals Inc. to acquire the fixed assets and intellectual property of its Michigan Specialty Tube Division (MST) based in South Lyon, Michigan, USA. Michigan Seamless Tube is a highly specialised manufacturer of seamless mechanical and pressure tube for demanding industrial applications. Seamless tubing produced by Michigan Seamless Tube is available in carbon and alloy in a broad selection of sizes and wall thickness. Prior to the bankruptcy of Vision, Michigan Seamless Tube operated successfully and continuously for 75 years from its 320,000 square foot manufacturing facility in South Lyon, Mich. Michigan Seamless Tube ceased shipments in February 2002 as part of the bankruptcy process, but has remained on “hot-idle” status since that time. Michigan Seamless Tube intends to begin shipping product during December 2002. Michigan Seamless Tube is taking orders for shipments in December 2002.
