It's just business: Manufacturing moves from Saint-Gobain, Intertechnology, Maxcess, and more
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: Maxcess International has officially acquired International Cutting Die Inc. (ICD), which manufactures precision cutting solid dies and supporting tools. Maxcess, which focuses on products and services for automated web handling applications, hopes the acquisition will strengthen its presence in the rapidly growing Nonwoven industry. In a recent quote, Odd Joergenrud, CEO of Maxcess, said, “By integrating ICD’s cutting-edge innovations, including Tungsten Carbide and Powdered Metal solid die manufacturing, die station manufacturing and exclusive elastic entrapment technology with our existing RotoMetrics brand global leadership position in narrow web die cutting, nobody can offer as comprehensive or complete a portfolio of solutions for both wide web and narrow web applications. Basically, our customers can cut and convert any material.”
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Plant Closure: Vishay Intertechnology, Inc. has announced plans to close three manufacturing plants. The company, which specializes in the production of discrete semiconductors and passive components, will close facilities in Shanghai, China; Fichtelberg, Germany; and Milwaukee, Wisconsin by the end of 2026. This will reduce Vishay’s total manufacturing labor workforce by 2%. In a recent quote, Joel Smejkal, Vishay's President and Chief Executive Officer, said, “As we implement Vishay 3.0, reshaping the Company and preparing for our next phase of growth, we continuously task ourselves with identifying opportunities to best foster a business minded approach to decision making, further enhance our customer first focus and improve cost efficiencies.”
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Acquisition: Nulogy has announced its acquisition of Mingo Smart Factory, which specializes in manufacturing productivity technology. Nulogy, which focuses on manufacturing supply chain solutions, believes the acquisition will provide its customers with a more comprehensive and robust solution suite to optimize their manufacturing operations. In a recent quote, Jason Tham, CEO and co-founder of Nulogy, said, "At Nulogy, we're committed to empowering brand manufacturing supply networks around the world with the most cutting edge technology needed to effectively collaborate with partners and streamline workflows for greater agility and success. Our acquisition of Mingo Smart Factory brings additional innovation to our customer base and will enable a greater number of manufacturing operations to harness the power of their data for a more automated, sustainable, and resilient external supply chain."
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Standards: Saint-Gobain North America has achieved net-zero carbon manufacturing (scopes 1 and 2) at its Surface Conditioning facility in Anaheim, California. The company, which specializes in materials and services for the construction and industrial markets, has reduced its CO2 emissions by 80 tons compared to 2022 levels and has eliminated its use of natural gas at the facility. In a recent quote, Jeff Mydlarz, Vice President of Saint-Gobain Specialty Grains and Powders, said, "As a company committed to achieving net-zero carbon emissions by 2050, each plant must take the initiative and action to reach these goals. I congratulate the Anaheim plant for their dedication to sustainability. Their work truly embodies our purpose- Making the World a Better Home.”
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Acquisition: Consolidated Equipment Group, LLC (CEG) has officially acquired Granite, which operates as Agile Manufacturing and manufactures agricultural, industrial and construction material handling equipment. Additionally, Mike Feilmeier will maintain his leadership role at Agile and serve as Vice President of Agile Products within the CEG platform. In a recent quote, Tom Flynn, CEO of CEG, said, "We are thrilled to welcome Agile into the CEG family. Agile boasts an outstanding reputation for quality and innovation. This acquisition allows us to offer a more comprehensive product suite to our customers while enhancing our capabilities in the agricultural, industrial and construction material handling markets. With the robust resources of the CEG platform supporting Mike and his team, Agile is poised for significant growth and success."
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