PPI purchases StampSource

PPI, Athens, Ga., has signed a memorandum of understanding with StampSource (Taggart Enterprises) to purchase StampSource, a metal stamping and fabricating company in Charlotte, N.C.

StampSource will be aligned with Gap Partners under the PPI umbrella to expand its metal stamping and fabrication services. The company keeps its name, and current staff remain with the firm.

PPI is a manufacturer of distribution transformers and adsorption chillers. It also offers Gap Partners precision sheet metal fabrication, machining and mechanical assembly services and Change Partners organizational consulting services.