The Offshore Group and Neapco Components Extend Mexico Services Agreement

Online, April 19, 2011 (Newswire.com) - Neapco Components, a subsidiary of Michigan based Neapco Holdings, LLS has signed a 3 year contract extension for the provision of outsourced manufacturing support or, "shelter," services with The Offshore Group. The agreement will run through October of 2016.

Neapco currently occupies 34,822 square feet of industrial space at The Offshore Group's La Angostura Industrial Park in Saltillo, Coahuila, Mexico. The company will expand its manufacturing in Mexico footprint by an additional 34,822 square feet over the period of the contract extension.

According to Keith Sanford, President of Neapco Components "With the consolidation of our manufacturing facilities in the U.S and the growth of our business, Neapco is expanding our operations in Mexico. Our focus has been on strategic options and operational improvements that further enhance the high quality and world-class value of our products."

Neapco is a leading global manufacturer of automotive driveshafts, propeller shafts, differentials, suspension springs, aluminum die castings, and driveline and steering components for original equipment, performance and aftermarket companies. With more than 2,000 employees, it has offices and production facilities in Michigan, Nebraska and Pennsylvania, as well as Mexico, Germany and Poland.