American Industrial Acquisition to acquire MB Aerospace Sterling Heights.

American Industrial Acquisition, a private equity firm, agreed to acquire MB Aerospace Sterling Heights, a provider of high-value cast components for aerospace and industrial markets. The Sterling Heights business will trade as Vital Engineered Components Company (VECCO). Financial terms were not disclosed. “In AIAC, we have secured a superb partner to drive the rebranded VECCO business forward, enabling MB Aerospace to concentrate significant investment across our global Centers of Excellence network for the repair and manufacture of aero-engine precision parts," Craig Gallagher, MB Aerospace CEO.