News and events for ARCH Precision Manufacturing

News and Events

2013 News

ARCH Global Precision subsidiary Hi-Vol Products announces significant developments

Hi-Vol Products, an ARCH Global Precision company, today announced the following significant business developments:

  • Multiple new fuel system component awards from several customers
  • Over $10 million in capital investments in support of new awards
  • Facility relocation to secure additional square footage in support of growth
  • Upcoming article in Production Machining™ will feature Hi-Vol’s rapid expansion in producing difficult to machine, tight tolerance fuel system components for high pressure gasoline engine applications

Hi-Vol Products today announced that during the last eighteen months it has received over $25 million in new business awards for fuel system components. The awards encompass more than 15 different parts, covering seven different platforms with three different automotive OEMs. In response to these significant awards Hi-Vol has invested in excess of $10 million in capital equipment to support the successful launch of the underlying programs. While the capital investments have been made across multiple technologies, the majority of the investments have been made in Hi-Vol’s chosen machine tool technology partner – Hydromat™ rotary transfer machines.

In addition to the equipment investment, Hi-Vol has also recently relocated its second facility within Livonia, Michigan to provide nearly 15,000 square feet of additional manufacturing and distribution floor space. Eli Crotzer, President and Chief Executive Officer of ARCH Global Precision commented, “the recent investments into equipment, expansion of our manufacturing footprint, and the hiring and training of additional skilled operators were all collectively undertaken to support the significant customer awards received at Hi-Vol. We are extremely pleased with the market leadership position that Hi-Vol Products has earned in the area of fuel system components for gasoline direct injection applications. Aside from awards for domestic applications, Hi-Vol will also be shipping fuel system components to Mexico, China and Europe in the coming months and years.”

Many of Hi-Vol Products’ accomplishments will be profiled in the October edition of Production Machining™ magazine. Mr. Crotzer concluded, “ARCH Global is organizationally focused on growing our businesses through new product introductions and new market development. Hi-Vol’s continued success in the fuel system component arena provides a great example of the type of growth that can be achieved when our businesses identify and capitalize on shifting technological developments in the marketplace. Hi-Vol Products will continue to build upon its early leadership position in this technology and we expect further growth for many years to come.”

Production Tool & Grinding joins the ARCH Cutting Tools Group

ARCH Global Precision, a Strength Capital Partners platform company that is focused on precision machined components and cutting tools & instruments has acquired Production Tool & Grinding, Inc. (“PTG”) located in Orange, Massachusetts. Production Tool & Grinding manufactures custom solid carbide cutting tools for aerospace and other industrial applications.

“We are extremely pleased to have acquired this business from Mike Miller and Rolly Rochon,” commented Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “All of the equipment and employees of PTG will be relocated to our KEO Milling Cutters facility, located approximately five minutes from the PTG facility in the neighboring town of Athol, Massachusetts. Mike and Rolly have built a wonderful business over a period of years and we are excited to have PTG join the ARCH Global Precision family of companies. Mike and Rolly will stay on for a transitional period of time to ensure that we maintain the outstanding level of customer service that the PTG customer base has come to expect.”

“The PTG acquisition not only diversifies the products manufactured and end markets served by KEO Milling Cutters, but also provides significant CNC grinding capacity to accommodate future growth,” commented Terry Leach, Vice President of Operations for KEO Milling Cutters and Richards Micro Tool. Ron Stanford, KEO Milling Cutters’ Plant Manager further commented, “We welcome the highly skilled workforce of PTG to our existing base of talented employees here at KEO Milling Cutters. We are excited to add these new CNC grinding capabilities and capacity to our operation and we are confident that we can significantly grow our business as a result of combining the skills and equipment of PTG and KEO Milling Cutters.”

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