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Purchace of IMC Machine Shop

NovaTech announces that it has purchased most of the business base of Lynchburg machine shop IMC.  IMC, which has ceased operation, was a contract machine shop specializing in several niche markets.  One of these markets is the fabrication of specialty dies for wire coating and another is fabrication and repair of heavy components.  Along with the business, NovaTech also purchased a portion of IMC’s machine tools and hired five former IMC employees.  Combined with NovaTech’s existing capabilities and recently completed fabrication shop expansion this acquisition will allow NovaTech to grow the fabrication portion of their business significantly.