Atlas Engineering is acquired. They manufacture metal tubular rivets with internal threads to provide strong threads in thin sheet-metal materials. These fasteners are designed for "blind" applications where only one side of the panel is accessible. The Company also sells installation tooling for its fasteners.

Penn Engineering & Manufacturing Corp. adopts a new identity as:



In addition, it reorganizes to create distinct operational units within it's corporate structure. These units include, PEM Fastening Systems (which includes PEMSERTER products), Atlas Engineering, Pittman, and the Arconix Group.

Precision Steel Holdings Limited of Galway, Ireland, a provider of turned screw machine parts is acquired. Now known as PEM^® Fastening Systems Europe, this 55,000 square foot facility supplies screw machined products to a number of European customers in addition to both PEM Fastening Systems® in Danboro, PA USA and Arconix®/UK (also a PennEngineering® Company) in Doncaster, England . From this location, we can better serve our growing European customer base.

PennEngineering's® distribution business unit, Arconix Group®, a global distributor of component, hardware, and supply solutions, opens new facilities in Guadalajara, Mexico to serve Latin America. The facility offers 7,700 sq. ft. of general offices and warehouse space for its fastener products. Arconix Mexico is the flagship of Latin American operations.

PennEngineering's® distribution business unit, Arconix Group®, a global distributor of component, hardware, and supply solutions, opens new facilities in Shanghai, China. Arconix Fastening and Distribution Shanghai Co. Ltd. is located in the Wai Gao Qiao Free Trade Zone in Shanghai, China. Comprised of 8,000 sq. ft., the site includes sales offices, warehousing, tech centers with testing facilities, and a tool demo room.

M.A.E. S.p.A. of Offanengo, Italy is acquired. Comprised of 120,000 sq. ft., M.A.E. is in the forefront of the electronically-controlled, precision electric motor field. M.A.E. will join PennEngineering Motion Technologies®, PennEngineering's® motor division, expanding motion product offerings worlwide. M.A.E.'s stepper, brush, and brushless DC motors will be combined with Pittman LO-COG® brush-commutated and ELCOM® brushless DC motors to satisfy the most demanding applications.

May 25, 2005 PennEngineering completes merger with PN Merger Sub, Inc. As a result of the merger, PennEngineering has become privately held by and controlled by an affiliate of Tinicum Capital Partners II, L.P., and PennEngineering's common stock will no longer be listed or traded on the New York Stock Exchange.