American Packing & Gasket (APG), a distributor and manufacturer of a range of industrial products, announced that Joe Stephens has joined as Chief Executive Officer. Former CEO Matt Dunn will remain with APG on the board of directors. APG is backed by Capstreet, a Houston-based lower middle market private equity firm. “Having spent his entire career in industrial manufacturing,…

AFC Industries has acquired Hazel Park, Michigan-based Motor City Industrial. AFC is a full-service industrial distributor offering VMI services, kitting, light assembly, private labeling, and more. As a provider of customized product and inventory-management solutions for a wide range of markets, Motor City is an ideal fit. For more than 50 years, Motor City and…