PPI Buys Merit Gear Corp.

Precision Parts International, a Rochester Hills, Mich.-based manufacturer of metal-formed components, has acquired Merit Gear Corp., an Antigo, Wis.-based precision gear maker. No financial terms were disclosed. PPI is owned by First Atlantic Capital, while Merit Gear was represented on the deal by Emory & Co. www.preceisionparts.com www.meritgear.com