As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector.
Acquisition: Aliaxis SA has agreed to acquire the manufacturing assets of the Johnson Controls CPVC pipe and fittings business. Aliaxis, which specializes in fluid management solutions, will use the assets, which are designed for residential and light commercial sprinkler systems, to bolster its offering of fire suppression systems. In a recent quote, Thierry Vanlancker, Manager Director of Aliaxis, said, “This acquisition makes great sense for us. It is another step in providing more complete customer solutions in our product portfolio across the United States and brings extra potential for Aliaxis.”
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Acquisition: Pexco LLC has announced its acquisition of Precise Aerospace Manufacturing, Inc., a supplier of injection, compression, transfer molded plastic, and value-added assembly and contract manufacturing. Pexco, which designs and fabricates engineered plastic components, hopes the acquisition will improve its injection molding and material science capabilities. In a recent quote, Pexco CEO Sam Patel said, "The acquisition of Precise Aerospace Manufacturing marks a significant milestone in Pexco's strategic growth journey. This expansion not only strengthens our capabilities in injection molding and high-performance polymers but also underscores our commitment to enhancing service offerings for Aerospace & Defense. We look forward to integrating Precise Aerospace Manufacturing's expertise seamlessly into Pexco's operations, further advancing our position as a leader in engineered plastic components."
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Acquisition: Hadrian has officially completed its acquisition of Datum Source, a procurement management software-as-a-service (SaaS) platform and manufacturing network. Hadrian, which helps U.S. manufacturers enhance their operations with AI, machine learning, and robotics, hopes the acquisition will help it simplify and turbocharge companies' part-sourcing efforts. In a recent quote, Hadrian founder and CEO Chris Power said, "I want Hadrian to serve startups and engineers starting with their very first prototype. This acquisition gives Hadrian the immediate ability to give supply chain and engineers superpowers, enabling the company to expand our customer base and better serve them through the product lifecycle from idea to scaled production. The Department of Defense needs more companies to bridge the 'valley of death' between prototype and production, and this acquisition enables us to massively accelerate customers through that lifecycle."
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Acquisition: Motion Industries, Inc. will acquire the operating assets of LSI Supply Inc. and its sister company, 273 Ontario. Motion is a distributor of MRO replacement parts and provider of industrial technology solutions, and LSI Supply distributes bearings, seals, power transmission and fluid power components, and industrial supplies. In a recent quote, James Howe, President of Motion, said, “LSI’s talent, offerings and markets complement Motion’s perfectly. The business culture is an especially good fit, which is critically important when joining forces and providing premier customer service. We look forward to welcoming LSI’s 30+ employees and creating significant opportunities for our teammates and supplier partners, which will increase value for our customers.”
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Personnel: Tim Fallon has joined Stellantis as the head of manufacturing in North America. Tim previously worked at Rivian where he led EV manufacturing operations. In a recent quote, Carlos Zarlenga, Chief Operating Officer, North America, Stellantis, said, “Tim brings his relentless pursuit of operational excellence and strong track record of manufacturing experience, including electric vehicle production, to Stellantis as we enter this critical stage of our transformation. With this year marking the start of our electric vehicle offensive, I have full confidence that Tim's passion and collaborative spirit will lead the team to deliver the highest quality vehicles for our customers.”
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