The Partner Companies Enhances Manufacturing with New Acquisition
The Partner Companies Expands Through Precision Eforming Acquisition
The Partner Companies (TPC), a leader in advanced manufacturing, has announced an exciting new acquisition. They have acquired Precision Eforming, a specialist in electroformed metal manufacturing. This strategic move is designed to bolster TPC’s capabilities in micro-component manufacturing and broaden access into high-growth sectors, including aerospace, medical, defense, electronics, and energy.
Precision Eforming's Expertise in Electroforming
Precision Eforming, formerly based in New York, has built a reputation for its high-precision sieve and mesh products. These products serve various industries where strict control, repeatability, and versatility are key. The metal components they produce are critical in separating and filtering various mediums—including light, sound, air, and powdered materials.
The Legacy of Precision Eforming
Founded more than a century ago, Precision Eforming has deep roots in manufacturing excellence. According to Chief Financial Officer Christian Streu, the company brings significant expertise in 2D electroforming and has nurtured customer relationships in over 60 industries. "Integrating Precision Eforming is a perfect match for TPC, as we pursue our growth strategy aimed at enhancing our manufacturing offerings while catering to our customers' evolving demands," he remarked.
Strategic Growth and Expansion
This acquisition is TPC’s eleventh since it was established in 1997 and showcases their ongoing commitment to expanding its specialty manufacturing footprint. TPC has operations across multiple countries including the United States, China, Mexico, and Wales. The deal was finalized recently, underscoring TPC's aggressive growth trajectory in specialty manufacturing.
Innovative Manufacturing Processes
At the heart of Precision Eforming’s operations is the electroforming process, which involves creating high-precision metal parts through electrodeposition. Their proprietary techniques allow them to produce ultra-fine mesh products with exceptional precision, tight tolerances, and high reproducibility. This innovation plays a vital role in various applications—from medical imaging and space exploration to superabrasives and fuel filtration.
A Rich History of Innovation
Precision Eforming's origins trace back to St. Paul, Minnesota, through the Buckbee-Mears Company, a pioneer in the field of photo-engraving that dates back to 1907. The company significantly influenced military technology during World War II by advancing photochemical reproduction techniques. It was in the 1960s that they began adopting electroforming methods to enhance their production capabilities, paving the way for new opportunities in television electronics.
In 2002, the electroforming division moved to Cortland, marking a transformative phase in its history. Eventually, the division was acquired in partnership with Torridon Companies, leading to the rebranding as Precision Eforming. This new chapter prioritized both craftsmanship and innovation in American manufacturing. Julie Griffin, who has served as president since 2011, continues to lead the company and navigate through this transition following the acquisition.
Looking Forward with Confidence
Griffin expressed enthusiasm about joining forces with TPC: "This partnership is an incredible opportunity for Precision Eforming to ignite innovation and expand into new markets. We will continue to provide the precision and reliability our customers have come to expect." The resources available through TPC will undoubtedly enable Precision Eforming to further its growth and evolution in the manufacturing sphere.
About The Partner Companies
Founded in 2010, The Partner Companies (TPC) is a global diversified manufacturing entity that creates critical solutions for sectors such as aerospace, defense, clean energy, medical, and technology. Over the years, TPC has developed into an international leader encompassing 11 specialty manufacturers across various regions: E-Fab, Elcon, Fotofab, Lattice Materials, LT Precision, Microphoto, Optiforms, PEI, Pinnacle Precision, Precision Eforming, and UPG. The organizations under TPC’s umbrella focus on a variety of manufacturing processes, including photochemical etching and electroforming. TPC provides vital support in growth strategies, finance, operations, and supply chain management to its manufacturing partners.
About Precision Eforming
Precision Eforming stands as a distinguished manufacturer of precision electroformed metal materials, chiefly in mesh formats. Established in 2004, it pioneered notable advancements in electroforming technology for crucial applications. The firm's custom material solutions are indispensable in sectors such as superabrasives, pharmaceuticals, and UV filtration. All products crafted by Precision Eforming are made in the USA, showcasing their dedication to reliability and precision.
Frequently Asked Questions
What is The Partner Companies known for?
The Partner Companies (TPC) is recognized for creating advanced manufacturing solutions in multiple industries, including aerospace, medical, and clean energy.
What does Precision Eforming specialize in?
Precision Eforming specializes in electroforming, producing high-precision metal components that are essential in various applications, particularly filtration and separation.
Why is the acquisition significant?
This acquisition enhances TPC's manufacturing capabilities and expands their reach into high-growth markets, showcasing a strategic growth initiative.
How long has Precision Eforming been operating?
Precision Eforming has roots dating back over a century, with a strong legacy in innovative manufacturing practices.
Who leads Precision Eforming now?
Julie Griffin, who has been president since 2011, continues to lead Precision Eforming following its acquisition by TPC.
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