Manufacturing Process Management: Tips, Examples, and More

Bhagyashri Kambale | February 25, 2022 | 690 views
MANUFACTURING PROCESS MANAGEMENT
Improving manufacturing efficiency and enhancing business revenue is the ultimate goal of every manufacturing business. Effective manufacturing process management may help businesses grow and discover innovative manufacturing processes. Facts and data fill the days of plant managers and engineers. However, it appears that many firms are still unable to devise a strategy for resolving long-standing challenges in their organizations.

“If you define the problem correctly, you almost have the solution.”

– Steve Jobs

In this article, we will see the five ultimate ways of manufacturing flow management. Additionally, we will also see three industry leaders' examples and understand their processes for production management. So, let’s get started first with tips to improve production efficiency.

Five Ways to Improve Production Efficiency


Recognize and Eliminate Waste

Waste is a cost that should be minimized in the manufacturing business. Additionally, waste is a broad term in this industry since it involves labor hours, energy use, and material consumption, to name a few. However, material waste is typically the most significant worry in the industrial business. When looking for strategies to decrease waste, you must rely on the results drawn during the evaluation of your manufacturing line.

When identifying waste, keep in mind that each operation on your production line generates some trash; finding the procedures that generate the most waste is the most effective strategy to minimize total waste. However, you may reduce trash by recycling or reusing garbage rather than discarding it. If you are unable to eliminate the majority of your garbage, you should consider selling it to a company that can properly dispose of it.

Evaluate the Production Process

In a manufacturing business, the production line is at the heart of how the business operates, and hence, production line efficiency improvement is critical. When reviewing the production line, one must also consider the often overlooked elements, for example, the loading dock bumper and other necessary loading dock equipment. While sourcing and maintaining loading dock bumpers, you can rely on top industry service and equipment suppliers.

This will guarantee that your production line is equipped with everything it needs to operate properly. Another critical statistic to examine is throughput. This metric is used to determine the average number of units produced within a specified period. You must have high-quality equipment to ensure that your production line runs smoothly. Analyzing throughput can help spot difficulties in the production line when throughput is not quite up to pace.

Another aspect of production line efficiency improvement is capacity utilization, which determines your factory's overall output capacity. This enables you to monitor the functioning of your production line at all times.

Determine Bottlenecks

While discovering any flaws in your manufacturing line, you will unintentionally locate your production's major bottlenecks. Bottlenecks are breaks in your manufacturing line, supply chain, or any other business activity that obstruct the performance of another operation.
For instance, a certain machine may require repair at a plant, necessitating a half-day shutdown.

Any procedure that needs the operation of that particular machine is subsequently rendered inoperable. That machine becomes the bottleneck at that point. There are other types of blockages. Another instance is when an administrator who is required for approval falls ill.

Once you've identified your most frequent bottlenecks, you may work on reducing them and increasing productivity by decreasing bottleneck-related downtime.

Enhance Training Practices

The way your workers work ultimately impacts the productivity of your entire organization. Lack of training equates to inefficiency, and vice versa. To achieve optimal employee performance, each team member must be empowered throughout the production process. This isn't as simple as writing a pamphlet from which someone can be taught. Highly effective workers need to be taught on the job by someone who is watching them.

However, you must first establish uniform standards throughout your organization, starting from the top. This approach will help your employees understand that they will get organized or informal training to upgrade the skills and knowledge necessary to work successfully during the change's implementation. Training may take the form of a series of online microlearning modules or a blended learning method that includes face-to-face training sessions as well as on-the-job coaching and mentoring.

In addition, PWC is of the opinion that workers should ask the following questions to help them be more efficient in the long run:

  • Is what I’m doing now adding value, or am I just doing it because this is the way I’m supposed to do it?
  • If I were the customer, would I pay money for the activities that I was engaged in?

Allow your staff to generate suggestions for efficiency improvements on their own. After all, no one knows their operations better than they do.

Calculate and Organize Your Workspace

You can optimize production efficiency if your staff can perform their duties in a well-organized work environment. Hence, it is critical to prioritize measuring and organizing the workplace. It is critical to quantify each aspect of your business first, as this will provide you with a clear picture of what works and what does not. After that, you'll need to make sure that everything in the office is in order so that your employees can work efficiently.


Three Companies That Redefined The Innovative Manufacturing Processes

Ford

Henry Ford delivered to the world far more than simple automobiles. His company was the first to integrate a full production line process, paving the way for contemporary mass manufacturing. He devised a moving conveyer belt assembly line, which represented a radical departure from traditional industrial procedures. While his production procedures were restricted by current standards—they only allowed for limited customization—he laid the groundwork for modern manufacturing and a new way of thinking about processes.

Toyota

The Toyota Production System illustrates a deeply embedded cultural and managerial concept. This concept emphasizes the continuous improvement of work processes and systems. This approach focuses on identifying and resolving issues and ensures that every business action adds value to consumers. Dr. W. Edwards Deming and writers James Womack, Daniel Roos, and Daniel Jones brought it to the American public’s attention in the 1980s and 1990s (in "The Machine that Changed the World"). It was, and still is, a radically different management style for the great majority of organizations. Most people are familiar with Toyota Production System tenets like "just in time."

GE

Under former CEO Jack Welch, GE promoted the use of Six Sigma in business operations and provided a blueprint for adoption in the corporate setting that practically everyone sought to copy (at least for a while). Welch made Six Sigma training a pre-requisite for every employee who aspires to higher levels of leadership inside the business, and he enforced its implementation at all levels. The "GE Workout" is an extremely concentrated session (typically over many consecutive days) that evaluates business difficulties and suggests solutions. GE created it as a spin on the Six Sigma toolbox.

Final Words

To accelerate the overall growth of your manufacturing business, you must have innovative manufacturing processes that help improve manufacturing efficiency. You may consider the above mentioned ways to improve production efficiency and get the most out of your production set up. Giving employees new tools is probably the quickest method for managers to change a production process. Moving ahead, finding factory-direct manufacturers that can deal with each company's unique circumstances is also encouraged. Identify and avoid problems so you can then look at current data and waste to develop new and better ways of doing things.

FAQ


What is manufacturing efficiency?

Manufacturing efficiency aims to make products at the lowest feasible overall cost. It's all about maximizing the use of limited resources while minimizing the waste of time, materials, and energy.

What is a manufacturing process flow system?

The manufacturing process flow system shows the granular activity-level stages that must be completed to manufacture finished items from the moment raw materials are delivered to the manufacturing facility until they are transformed into finished goods.

What are the four manufacturing components?

Below are the four components of manufacturing:
  • Production equipment as well as tools, fixtures, and other relevant hardware.
  • A material handling system.
  • A computer system to coordinate and/or control the preceding components.
  • Human personnel to run and manage the system.

Spotlight

Ducab

Jointly owned by the Investment Corporation of Dubai and Senaat (General Holding Corporation, Abu Dhabi), generating approximately USD1.5bn revenue in 2015, Ducab is a global leader in the development, design, manufacture, marketing and distribution of copper and aluminium wire and cable products for the energy, general construction, industrial, defence, transport and specialty industry verticals.

OTHER ARTICLES
MANUFACTURING TECHNOLOGY,OPERATIONS

Size, Scope, and Forecast of the Air Cannon System Market

Article | July 11, 2022

During the forecast period of 2022-2029, the Air Cannon System market size is expected to develop revenue and exponential market growth at a remarkable CAGR. The market's expansion can be attributed to rising demand for Air Cannon System in construction, industrial, mining, and other applications on a global scale. At the country level, the report provides insights into the lucrative opportunities in the Air Cannon System Market. The report also includes a precise cost, segment, trend, region, and commercial development of the major key players worldwide for the projected period. The comprehensive report on the Air Cannon System Market will analyse data changes and their global market impact. It also examines the overall growth of companies in the market as well as their ability to manage and control profit levels, which is critical for any investor looking to open and expand a business in the same market. The report aims to provide investors with an accurate prediction of market development over time by providing a detailed analysis of current trends and key changes that serve as a framework for the company to calculate market growth potential in the near future. The report also tracks and records significant events such as business combinations, joint initiatives, accomplishments, new product developments, or market activities. The main purpose is to provide a growth map from which the benefits can be calculated. It includes Porter's Five Forces analysis, which explains the five forces: customer bargaining power, distributor bargaining power, the threat of substitute products, and the degree of competition in the Air Cannon System market, as well as a market overview, which includes market dynamics. It describes the various market ecosystem players, such as system integrators, middlemen, and end users. Another major topic covered in the report is the competitive environment of the Air Cannon System market. The research also provides in-depth details about the COVID-19 scenario and its impact on the market to help with decision-making.

Read More
MANUFACTURING TECHNOLOGY,FUTURE OF MANUFACTURING

Factors Explaining Why American Manufacturing Is Growing

Article | July 11, 2022

Even though Silicon Valley has built its reputation on innovation, it is believed that it has lost its edge. Business entrepreneurs were encouraged to focus on gleaming venture capitalists, to sell bigger dreams to the most popular technology. The future of the American manufacturing industry is predicted to have more growth than the past two decades, and here are the reasons why: Excluding the Middleman: From ancient times, manufacturers sold through retailers who acted as middlemen in the distribution process, but with the upgradation of the industry, manufacturers can now directly connect to the consumers and the government. Rising Demand for US Made Products: The US population leans more towards products that are made in America. Hence, the manufacturers make extra efforts to produce high quality premium products for their customers. Customer Loyalty and Support: Customers love to connect with the brand and understand the brand’s struggle to manufacture and create excellent products. Engaging customers in the journey will help manufacturers gain insights and feedback, and improvise accordingly. People today are more keen towards seeing improvements sooner, and it has become much easier to hear from customers, iterate, fail, pivot, and improve quickly. Conscientious Capitalism’s Rise: When you take into account the carbon cost of transportation imports, there is another clear advantage to the growth of domestic production. Important financial advisors are also raising this alarm. For instance, the polypropylene required for the majority of PPE is manufactured in the U.S., transported to China, used to make masks, and then returned. Additionally, since at least 18% of air pollution is caused by ocean freight, domestic product manufacturing may benefit both the environment and consumer demand. Energy Costs: The cost of energy consumption in the United States is declining, which is crucial when competing with foreign companies. For the first time in modern history, domestic production has a strategic advantage because electricity is the second-highest cost after labor. Automation: The strategic advantage of cheap labour possessed by international competitors is eliminated by the growth of automation. Over the next ten years, robotic automation is expected to challenge enterprises that have relied on cheap labour as a competitive advantage, paving the way for a revival of American manufacturing.

Read More
MANUFACTURING TECHNOLOGY,INDUSTRIAL DATA

The Top 8 Latest Trends in Manufacturing and Engineering for 2022

Article | July 8, 2022

Manufacturers are constantly striving to overcome challenges, improve processes, and identify efficiencies, and the manufacturing trends we predict for 2022 will all serve to further these objectives. As with any new year, technological advances, market needs, and business objectives will drive manufacturing industry trends. Looking ahead to the rest of 2022, the COVID-19 pandemic continues to have an impact on manufacturing, implying that some 2021 trends will carry over — but there will be new challenges and opportunities. From business agility to worker safety and the realities of adapting to what may be a "new normal," the manufacturing trends in 2022 will be a response to the unique challenges of recent years in many ways. The continuous advancement of technology, connectivity, and automation is poised to solve problems while also presenting unprecedented opportunities. Let’s understand the trends in manufacturing and engineering in 2022: 2022 will be the year of smart factories Greater emphasis on sustainability and carbon neutrality Supply chain re-evaluation The permanent importance of reshoring Employee safety and health Data-driven maintenance as a margin booster Growing reliance on virtual processes Increasing demand with a reduced labor force ATS, as a technology-driven maintenance company, can assist you with your challenges and goals for 2022 and beyond, allowing you to lead your operations into the next decade. Contact ATS today for more information.

Read More
SMART FACTORY,INDUSTRIAL 4.0

Smart Manufacturing with IoT & Industry 4.0

Article | July 8, 2022

Industry 4.0 is a new phase of the Industrial Revolution that emphasizes interconnectivity, automation, machine learning, and real-time data. Industry 4.0 and IIoT combine physical production with smart digital technology to create a holistic and better connected ecosystem for manufacturing and supply chain management. Industry 4.0 is about revolutionizing the way your entire business operates and grows by investing in new technology and tools to improve manufacturing efficiency. In most cases, businesses are deploying iIoT devices and machinery linked by communication technologies to help industries collect, monitor, analyze, and deliver valuable insights. The specifics of how this technology is used vary from company to company, but the goal is always the same: to improve operational efficiency through analytics, automation, and connectivity. For example, The manufacturing sector is already undergoing a revolution. According to an IDC report, the sector spent $178 billion on the iIoT in 2016. Also, as per MarketWatch, iIoT investment in the manufacturing sector will grow at a CAGR of 29.68% until 2020. Amazon paid $775 million for the robotics company Kiva in 2012. It crosses our mind: why such a big investment? It made more sense for them to use robots to locate products and deliver them to their workers than for their workers to find the products themselves. Smart Manufacturing Use Cases: Industry 4.0 technology is being implemented by a North American tool manufacturer in order to improve efficiencies and productivity in its global manufacturing operations. Caterpillar recently collaborated with industrial analytics firm Uptake to develop technologies that will assist their customers in monitoring the health of their equipment. They used a variety of IoT and augmented reality technologies to provide machine operators with an instant view of vitals such as fuel levels and when the air filter needs to be replaced. When an air filter needs to be replaced, the technology sends detailed instructions to the machine operator. Siemens' factory in Amberg, Germany, personifies the company's passion for technological innovation. The plant was created as part of a collaboration with the German government to create a series of fully automated smart factories. The plant itself manufactures parts for BMW and is said to be approximately 75% automated. The purpose of going over these use cases is to help you imagine and consider how smart manufacturing could be integrated into your own organization.

Read More

Spotlight

Ducab

Jointly owned by the Investment Corporation of Dubai and Senaat (General Holding Corporation, Abu Dhabi), generating approximately USD1.5bn revenue in 2015, Ducab is a global leader in the development, design, manufacture, marketing and distribution of copper and aluminium wire and cable products for the energy, general construction, industrial, defence, transport and specialty industry verticals.

Related News

3D PRINTING

Fortify Ships FLUX CORE 3D Printer to IERUS Technologies

Fortify | October 06, 2022

Fortify, provider of advanced composite-photopolymer printers, announced today that IERUS Technologies received a FLUX CORE 3D printer and Flux Developer materials onboarding software for design and engineering of Defense Systems. The 3D printer will be used to realize complex RF (radio frequency) applications. "Placing a printer at the IERUS Technologies headquarters provides a critical resource to support the growing need for additive manufacturing solutions in electromagnetics for Defense, Fortify's printers are uniquely positioned to print low-loss 3D printing materials, enabling performance advantages where traditional manufacturing falls short (due to machining, weight, and size)." -Eric Versluys, Director of Defense Programs at Fortify. IERUS Technologies, a provider of engineering and design solutions for Defense and commercial customers, such as sensors and strategic systems, is designing novel RF structures such as Graded Refractive Index (GRIN) lenses leveraging Fortify's FLUX CORE system. The Flux Core system enables companies like IERUS to take advantage of the design freedoms enabled by RadixTM, a 3D printable low-loss material developed by Rogers Corporation. "The Fortify 3D printer line will enable IERUS Technologies to develop complex RF structures that push the limits of traditional RF architectures with novel electromagnetic phenomenologies." -Jason Keen, CEO of IERUS Technologies This announcement comes a few months after Fortify's strategic investment from In-Q-Tel and the development of a portfolio of electronic 3D printing materials. IERUS will leverage the FLUX Developer toolkit, an open platform for the development of viscous and filled resins, to optimize printing of RF devices. Fortify will be showcasing 3D printed RF structures printed on the FLUX CORE 3D printer at Array 2022 October 11 - 14 in Waltham, MA. About Fortify: Fortify is transforming the 3D printing industry with its patented DCM (Digital Composite Manufacturing) platform. DCM delivers new levels of additively manufactured part performance by introducing functional additives to photopolymers. By combining a deep understanding of material science with high performance mixing, magnetics, and polymer physics, Fortify is able to produce custom microstructures in high-resolution 3D printed parts. The company is currently focused on applications ranging from injection mold tooling to high performance end-use parts with unique mechanical and electromagnetic properties. Founded in 2016 and based in Boston, Fortify4 technology enables material properties and components unattainable using other additive or traditional manufacturing processes.

Read More

MANUFACTURING TECHNOLOGY

Federal Signal Completes Acquisition of TowHaul Corporation

Federal Signal Corporation | October 04, 2022

Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today announced that it has completed the acquisition of substantially all the assets and operations of TowHaul Corporation ("TowHaul"), a leading manufacturer of off-road towing and hauling equipment, for a purchase price of $46.1 million, subject to post-closing adjustments. The signing of the purchase agreement was previously announced on September 7, 2022. "We are thrilled to complete the TowHaul acquisition, and strengthen our position as an industry-leading, diversified industrial manufacturer of specialized vehicles for maintenance and infrastructure markets, The acquisition creates a platform that can serve its global customer base with a broader range of world-class products and solutions and provides opportunity for long-term value creation through operational improvement and organic growth initiatives." -Jennifer L. Sherman, President and Chief Executive Officer,Federal Signal. The Company expects the acquisition to be accretive in 2023. About Federal Signal: Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems.

Read More

MANUFACTURING TECHNOLOGY

CORE Industrial Partners Portfolio Company Cadrex Manufacturing Solutions Acquires EPMP

CADREX | October 07, 2022

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of E.P.M.P., Ltd. (“EPMP” or the “Company”), a precision sheet metal fabrication services provider, by CORE portfolio company Cadrex Manufacturing Solutions (“Cadrex”). The Cadrex platform was formed in 2021 and includes ten business units with approximately 1.5 million square feet of manufacturing space and more than 2,000 employees across ten states as well as Mexico. Founded in 1984, EPMP provides high-volume sheet metal punching, forming, welding and assembly capabilities utilizing a variety of different metals, including aluminum, copper and brass, as well as carbon, galvanized and stainless steel. The Company serves a nationwide customer base in the renewable energy, HVAC, food & beverage, and industrials end markets, among others, through an equipment fleet that includes press brakes, turret punches, fiber lasers, combination laser & punch machines and automated fabrication cells. Headquartered outside San Antonio in Seguin, Texas, EPMP operates an ISO 9001-certified facility with over 50,000 square feet of manufacturing space. “EPMP’s significant historical investments in automation-driving material handling systems and robotics augment Cadrex’s high-volume sheet metal fabrication capabilities and make EPMP a highly strategic fit with the platform.” -Matthew Puglisi, Partner at CORE. Clint Plant, President of EPMP, said, For almost 40 years, EPMP has been committed to manufacturing and service excellence, demonstrating that commitment throughout all aspects of our organization. We recognize and appreciate this same customer-centric orientation at Cadrex and we’re looking forward to collaborating with Cadrex and CORE to continue our strong momentum. ABOUT CORE INDUSTRIAL PARTNERS: CORE Industrial Partners is a private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. ABOUT CADREX MANUFACTURING SOLUTIONS: Cadrex is a leading provider of complex production parts, assemblies, and weldments for a variety of end markets, including information communication technology, aerospace & defense, energy transmission & distribution, food production & agriculture, medical, material handling and electronic gaming & kiosk. With locations in nine states and Mexico, Cadrex offers comprehensive in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with lights-out manufacturing capabilities from low- through high-volume production. ABOUT EPMP: EPMP is a precision sheet metal fabrication services provider for a variety of end markets, including renewable energy, HVAC, food & beverage, and industrials. The Company offers high-volume sheet metal punching, forming, welding and assembly capabilities from an ISO 9001-certified facility outside San Antonio in Seguin, Texas.

Read More

3D PRINTING

Fortify Ships FLUX CORE 3D Printer to IERUS Technologies

Fortify | October 06, 2022

Fortify, provider of advanced composite-photopolymer printers, announced today that IERUS Technologies received a FLUX CORE 3D printer and Flux Developer materials onboarding software for design and engineering of Defense Systems. The 3D printer will be used to realize complex RF (radio frequency) applications. "Placing a printer at the IERUS Technologies headquarters provides a critical resource to support the growing need for additive manufacturing solutions in electromagnetics for Defense, Fortify's printers are uniquely positioned to print low-loss 3D printing materials, enabling performance advantages where traditional manufacturing falls short (due to machining, weight, and size)." -Eric Versluys, Director of Defense Programs at Fortify. IERUS Technologies, a provider of engineering and design solutions for Defense and commercial customers, such as sensors and strategic systems, is designing novel RF structures such as Graded Refractive Index (GRIN) lenses leveraging Fortify's FLUX CORE system. The Flux Core system enables companies like IERUS to take advantage of the design freedoms enabled by RadixTM, a 3D printable low-loss material developed by Rogers Corporation. "The Fortify 3D printer line will enable IERUS Technologies to develop complex RF structures that push the limits of traditional RF architectures with novel electromagnetic phenomenologies." -Jason Keen, CEO of IERUS Technologies This announcement comes a few months after Fortify's strategic investment from In-Q-Tel and the development of a portfolio of electronic 3D printing materials. IERUS will leverage the FLUX Developer toolkit, an open platform for the development of viscous and filled resins, to optimize printing of RF devices. Fortify will be showcasing 3D printed RF structures printed on the FLUX CORE 3D printer at Array 2022 October 11 - 14 in Waltham, MA. About Fortify: Fortify is transforming the 3D printing industry with its patented DCM (Digital Composite Manufacturing) platform. DCM delivers new levels of additively manufactured part performance by introducing functional additives to photopolymers. By combining a deep understanding of material science with high performance mixing, magnetics, and polymer physics, Fortify is able to produce custom microstructures in high-resolution 3D printed parts. The company is currently focused on applications ranging from injection mold tooling to high performance end-use parts with unique mechanical and electromagnetic properties. Founded in 2016 and based in Boston, Fortify4 technology enables material properties and components unattainable using other additive or traditional manufacturing processes.

Read More

MANUFACTURING TECHNOLOGY

Federal Signal Completes Acquisition of TowHaul Corporation

Federal Signal Corporation | October 04, 2022

Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today announced that it has completed the acquisition of substantially all the assets and operations of TowHaul Corporation ("TowHaul"), a leading manufacturer of off-road towing and hauling equipment, for a purchase price of $46.1 million, subject to post-closing adjustments. The signing of the purchase agreement was previously announced on September 7, 2022. "We are thrilled to complete the TowHaul acquisition, and strengthen our position as an industry-leading, diversified industrial manufacturer of specialized vehicles for maintenance and infrastructure markets, The acquisition creates a platform that can serve its global customer base with a broader range of world-class products and solutions and provides opportunity for long-term value creation through operational improvement and organic growth initiatives." -Jennifer L. Sherman, President and Chief Executive Officer,Federal Signal. The Company expects the acquisition to be accretive in 2023. About Federal Signal: Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems.

Read More

MANUFACTURING TECHNOLOGY

CORE Industrial Partners Portfolio Company Cadrex Manufacturing Solutions Acquires EPMP

CADREX | October 07, 2022

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of E.P.M.P., Ltd. (“EPMP” or the “Company”), a precision sheet metal fabrication services provider, by CORE portfolio company Cadrex Manufacturing Solutions (“Cadrex”). The Cadrex platform was formed in 2021 and includes ten business units with approximately 1.5 million square feet of manufacturing space and more than 2,000 employees across ten states as well as Mexico. Founded in 1984, EPMP provides high-volume sheet metal punching, forming, welding and assembly capabilities utilizing a variety of different metals, including aluminum, copper and brass, as well as carbon, galvanized and stainless steel. The Company serves a nationwide customer base in the renewable energy, HVAC, food & beverage, and industrials end markets, among others, through an equipment fleet that includes press brakes, turret punches, fiber lasers, combination laser & punch machines and automated fabrication cells. Headquartered outside San Antonio in Seguin, Texas, EPMP operates an ISO 9001-certified facility with over 50,000 square feet of manufacturing space. “EPMP’s significant historical investments in automation-driving material handling systems and robotics augment Cadrex’s high-volume sheet metal fabrication capabilities and make EPMP a highly strategic fit with the platform.” -Matthew Puglisi, Partner at CORE. Clint Plant, President of EPMP, said, For almost 40 years, EPMP has been committed to manufacturing and service excellence, demonstrating that commitment throughout all aspects of our organization. We recognize and appreciate this same customer-centric orientation at Cadrex and we’re looking forward to collaborating with Cadrex and CORE to continue our strong momentum. ABOUT CORE INDUSTRIAL PARTNERS: CORE Industrial Partners is a private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies. ABOUT CADREX MANUFACTURING SOLUTIONS: Cadrex is a leading provider of complex production parts, assemblies, and weldments for a variety of end markets, including information communication technology, aerospace & defense, energy transmission & distribution, food production & agriculture, medical, material handling and electronic gaming & kiosk. With locations in nine states and Mexico, Cadrex offers comprehensive in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with lights-out manufacturing capabilities from low- through high-volume production. ABOUT EPMP: EPMP is a precision sheet metal fabrication services provider for a variety of end markets, including renewable energy, HVAC, food & beverage, and industrials. The Company offers high-volume sheet metal punching, forming, welding and assembly capabilities from an ISO 9001-certified facility outside San Antonio in Seguin, Texas.

Read More

Events