Asia America Corp.
On May 10, 2011, Argosy Private Equity acquired a controlling ownership interest in Asia America Corporation (“AAC”). Based in Waxhaw, NC (30 miles south of Charlotte), with additional operations in Seattle, WA, AAC (www.asiaamericacorp.com) is a value-added distributor providing component sourcing, kitting, sub-assembly, logistics and vendor / inventory management services for industrial and material handling manufacturers and OEMs.
AAC excels at sourcing high precision parts (gears, bearings, precision castings, etc.) for OEMs at significantly lower costs while maintaining high product quality levels. The Company offers kitting, sub-assembly, logistics and inventory management services that enable its customers to reduce inventory levels, SKU’s and material handling costs and facilitate just-in-time delivery practices. Asia America focuses its efforts on low volume parts for which purchasing departments of large industrial and material handling manufacturers and OEMs typically cannot implement a cost-effective sourcing solution.