MF Acquisition Corp., a unit of NOG Inc., agreed to purchase the assets of Milwaukee Forge, a supplier of forging and heat-treating services for the agriculture, off-highway, construction and mining industries. Milwaukee Forge, which specializes in seamless rolled ring and closed-die, impression steel forgings, filed for bankruptcy protection in February 2010. The company currently employs 106 people, whose jobs could be saved pending court approval of the transaction.

Terms of the agreement remain undisclosed. Another investor group led by Milwaukee Forge president and CEO David Mesick said it also intends to bid on the firm's assets. NOG Inc. is a Milwaukee-based company with interests in forging, fabricating and machining.