CHICAGO — Steel processor SET Enterprises Inc. has named Victor Edozien president and chief executive officer.

Edozien, who has acquired a "significant" equity position in SET, will assist SET as it continues to execute its growth initiatives, the company said.

The Warren, Mich.-based company, which also provides duct manufacturing and construction services, operates facilities in Alabama, Illinois, Indiana and Michigan. Prompted by the needs of such key customers as Ford Motor Co., Chrysler Group LLC and ThyssenKrupp Steel USA LLC, it opened a 70,000-square-foot plant in Jackson, Ala., in March.

"With our recent expansions into Alabama, our entry into the heating, ventilation and air conditioning, duct and construction industries, (and) our growth in our core businesses, including automotive, we recognized the need to expand our organizational resources,"chairman Sid E. Taylor said in a statement.

Edozien has sat on SET’s board for five years, and he and Taylor have worked together on other ventures.

The company said that Edozien has acquired a significant equity position in SET Enterprises through AG-Steel LLC, an affiliate company of Asaba Group Inc., which he founded. With Edozien’s equity stake, "we (have) set the foundation for a long-term succession plan that will carry the company well into the future," Taylor said.

Edozien is the founder and managing principal of Asaba Group, a strategy consulting/private equity holding company. He worked in the auto industry for 15 years and runs other automotive businesses under AG-Manufacturing Inc., which has facilities in Alabama, Illinois and Michigan. SET has been in business supplying steel to automakers and their Tier I and Tier II suppliers since 1989.

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Asaba Group Holdings a holding entity which leverages its Principal's strategy consulting background and insights to create value for all stakeholders.

Australia, June 19, 2015 - A core ethos of its investment philosophy is seeking situations whereby it can disrupt and reinvent business models in existing industries to provide growth and economic returns to all its stakeholders.

Asaba Group Holdings’ portfolio companies are focused on providing customers with innovative solutions that help them maintain and increase market share. We generate long-term, superior returns for our shareholders/investors by investing in companies with unique market advantages or that occupy a competitive "white space" within an industry. We provide them with strong focused management teams and strategic guidance which leverages our strategy and management consulting heritage.. Its holdings are manufacturing businesses focused on serving the automotive, aerospace, defense, and consumer industries. 2013 Portfolio revenues at $500 Million with an Enterprise Value of $50 Million with 650 employees and 10 locations in the USA.

Portfolio Companies:

–AG Manufacturing Inc (www.agmanufacturing.com) An electrical and solenoid sub-assembly manufacturer for the automotive, marine, and military defense industries. Products include wire harnesses, electronic control actuators, electromechanical, pneumatic, and hydraulic components for automotive, truck, and military applications. AG has plants in Michigan, Illinois, and Alabama

–SET Enterprises, Inc (www.setenterprises.com) A leading provider of steel and aluminum processing services to the automotive industry. Customers include OEMs and direct/Tier 1 suppliers. SET has locations in Michigan, Alabama, Indiana, and Illinois.

–Cintron World Inc. (www.cintronworld.com) A premium lifestyle brand beverage company focused on building brands and functional beverages that target aspirational lifestyle consumer segments with fast growing disposable incomes. Its brands include are Cintron – Premium Energy Drink, Cintron Polo Club, VikMix Revitalizer, and ENVO. Cintron World head office is located in New York City.

Profile – Managing Partner

Victor Edozien is the Founder/Managing Partner of Asaba Group (AG), Inc. - a strategy consulting/private equity holding company (www.asabagroupholdings.com) and is a veteran of the US Army Infantry.

He has been in the private equity business for over 10 years and is the CEO and President of both AG Manufacturing, Inc and SET Enterprises, Inc. Victor has over 15 years of experience in strategic planning, revenue growth strategy, acquisition strategies and business turnarounds/improvement.

He holds a BS in Electrical Engineering, BA Geology with Mathematics, MS in Engineering, and a MBA in Finance & Operations Management. He is currently a Wharton Fellow at The Wharton School, University of Pennsylvania. He is a recent graduate of the prestigious Global CEO Program of The Wharton School (USA), IESE Business School (Spain) and CEBIS (China).

Victor is a member of the Young Presidents’ Organization (YPO), the Entrepreneurs’ Organization (EO), and CEO Connection. He is a board member of Real Life 101 Scholarship and Mentoring Program (www.reallife101.org); a 501(c)(3) organization with a mission to improving the higher education opportunities to inner-city African American males.