The Board of Directors of the Chi-Vit Corporation, a manufacturer of metallurgical powders and fluxes and porcelain enamel coatings, retained Shields & Company to identify a suitable acquirer of certain company assets. CV Materials, Ltd., a company formed by MCM Capital Corporation, a private investment firm based in Cleveland, and Mr. F. Thomas Krotine, also of Cleveland, purchased the nominated assets of the Chi-Vit Corporation.
Shields & Company acted as a financial advisor to Chi-Vit Corporation in the above transaction.