☰
TG Manufacturing, a diverse, fully-integrated metals manufacturing firm based in Western Michigan and a subsidiary of Tiger Industrial Systems, reportedly announced the acquisition of TurnKey Fabrication, a certified contract manufactures that provides engineering and sheet metal fabrication services.
TurnKey Fabrication is based in Grand Rapids and operates with laser, CNC brake press, machining, auto feed laser, welding and assembly process capability. The company is headquartered in and operates out of a 55,000 sq. ft. facility in Grand Rapids, Michigan. TurnKey presently supplies a varied group of consumers in the industrial laboratory, defense and gaming industries among others.
Rich Achtenberg, Chief Executive Officer of TG Manufacturing stated that TG Manufacturing will continue the operations currently run by TurnKey Fabrication. Additionally, TurnKey will become a Craft Steel operations division of TGM in Byron Center.
Rich added that TurnKey will help the company in expanding both markets and capacity of the company’s metal fabrication division. The synergies created by Craft Steel-TurnKey integration will enable TG Manufacturing to achieve a more rapid and responsive turnaround to address customer demands. Achtenberg further stated that the company’s continued drive towards vertical process integration is enhanced greatly through TurnKey’s acquisition.
Les Onan, CEO at TurnKey Fabrication stated that this acquisition supports the expansion of TG Manufacturing and further expands the process capabilities for both the companies. Les further added that TurnKey Fabrication will be focusing on its assembly and integration of electrical gaming products while its fabrication will be outsourced to TG Manufacturing.
Neither TG Manufacturing, not TurnKey Fabrication have unveiled any financial terms pertaining to the proposed acquisition of TurnKey yet.
Source Credit: http://tg-manufacturing.com/tg-manufacturing-acquires-turnkey-fabrication/
Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...
Detroit-based American multinational automaker, General Motors, has reportedly pulled ahead of fellow American rival, Ford Motor, to establish itself as second-biggest seller of all-electric vehicles in the US during the first quarter of 2023. The...
McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on support st...
PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments provider cl...
© 2023 ReportsGO.com. All Rights Reserved.