St. Paul-based Quality Tool, Inc., said Friday that it has been acquired by Demmer Investments IV, Inc.-an entity formed by the shareholders of Lansing, Michigan-based Demmer Corporation.

Financial terms of the deal were not disclosed.

Quality Tool, which was founded nearly 50 years ago, provides engineering-focused precision metal fabrication, stamping, machining, bus-bar, and design services to diversified industrial, medical, technology, telecommunications, and defense industries.

The company has more than 110,000 square feet of production space and two locations-its headquarters plus a manufacturing facility in Brookings, South Dakota.

Quality Tool's leaders-including President Chuck Proulx-will remain in their current positions. A Monday morning phone call to a Quality Tool representative to find out how many the company employs and whether all employees will be retained, was not returned.

“Demmer and Quality Tool share a commitment to growth, continuous improvement in everything we do, and delivering the highest levels of customer satisfaction,” Proulx said in a statement. “This alignment in values, focus, and the synergies between Quality Tool and Demmer will deliver great benefit to our employees and customers.”

Demmer Corporation is a vertically-integrated manufacturer that provides fabrication, machining, assembly, and integration to companies in the defense, aerospace, automotive, energy, and transportation industries. Demmer has more than 2 million square feet of production space where workers assemble battle tanks, personnel carriers, bomb-resistant vehicles, and other items.