- people on the move
Tool and die company acquires firm
A Grand Rapids tool and die, metal stamping and automation company has acquired a local firm.
ArtiFlex Manufacturing said last week it acquired US Forming Technologies, or US Form Tech, which is also based in Grand Rapids.
Terms of the deal were not disclosed.
Erin Hoffmann, the CEO of ArtiFlex, said the acquisition of US Form Tech strengthens the die engineering and product development capabilities at his company.
“We will immediately have boosted our already strong offering in the marketplace for developing and engineering tooling solutions that enable our customers to lighten the weight of closure and structural stamped assemblies, while achieving style and product engineering goals for cost and strength,” Hoffmann said.
US Form Tech is a “boutique” engineering firm specializing in stamping process prediction, tooling development and engineering solutions for stamping die manufacturers.
Hoffman said US Form Tech will enhance ArtiFlex’s manufacturing of low-volume tooling and equipment, difficult-to-manufacture stamped products and speed to market for completely tooled production.
Both companies are OEM and tier-one suppliers for the automotive industry, and the acquisition will bring a broader customer base to ArtiFlex operations, Hoffman said.
“David Darling and his team of tooling experts had a vision that fit perfectly with our strategy to fully engineer the stamping die and the process of producing it,” Hoffman said. “Speed, quality, cost and overall performance increase substantially when the outcomes and methods are highly predictable.”
US Form Tech will be folded into ArtiFlex but “retain its name at this time,” an ArtiFlex spokesperson said.
The existing leadership team at ArtiFlex will remain in place.
US Form Tech’s five-employee team will continue with the company, with some taking on leadership responsibilities at ArtiFlex.
Founded in 2011, ArtiFlex has more than 1,000 employees with locations in Grand Rapids, Wyoming, Walker and Rochester Hills, as well as Wooster and Clyde, Ohio and Frankfort, Kentucky.