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2020 News

Celebrating International Women’s Week

While International Women’s Week officially comes around once a year, ARCH Global Precision operates in the spirit of the movement every day of the year. With women throughout our organization, ARCH realizes and recognizes the value of a diverse team.

Lori Lorant, Vice President Human Resources, and Michelle Connolly, Vice President Finance, occupy vital leadership roles at ARCH that help drive strategy and growth. Their prominent roles reflect the ARCH philosophy of inclusion and diversity.

Lorant joined ARCH almost five years ago, and her impact was immediate. In 2019, she ascended to her position as vice president.

“It’s important there is a place for strong women in business,” said Lorant, who spent more than 15 years as a human resources manager in the retail consumer goods industry before coming to ARCH. “Opportunity and success should be based on skills, ability, and ambition.”

Connolly oversees all financial reporting for ARCH, including due diligence related to merger and acquisition activity—no small task considering the company’s recent, rapid expansion.

“Given the pace of change and growth at ARCH, it’s impossible to get bored,” she said.

Both Lorant and Connolly’s meaningful contributions to the success of ARCH exemplify what studies and research have shown time and again: Companies with women in leadership roles perform better than those without females at the executive level.

“The higher the percentage of women in top management, the greater the excess returns for shareholders. Financial performance metrics verify this superior stock market performance,” a 2016 report from Credit Suisse found. “From YE13 through mid-16, companies where women accounted for 25 percent of senior leadership outperformed at a compound annual growth rate of 2.8 percent; this increased to 4.7 percent at companies where women comprised 33 percent of senior leadership; and then jumped to 10.3 percent at companies where more than 50 percent of senior leaders are women.”

An expansive Peterson Institute for International Economics study on gender diversity at 21,980 firms in 91 countries provided similar results.

“A profitable firm at which 30 percent of leaders are women could expect to add more than 1 percentage point to its net margin compared with an otherwise similar firm with no female leaders,” the study determined.

Contributing to the success of ARCH employees—men and women alike—is a commitment to training and education.

“It hasn’t always been easy,” Connolly said. “I have certainly had some curve balls thrown my way, but each one has resulted in a valuable lesson that helped me get where I need to be. I continually learn from the people I work with too. I learn new things, unexpectedly, all the time.”

Susan Mulcahy, a Laser Operator and Packaging Specialist at ARCH Cutting Tools – Rhode Island, attributes her success to the ARCH atmosphere of continuous learning and equal opportunity.

“I was looking for a part-time job and a friend referred me here. It wasn’t long before the part-time job evolved into a full-time position, and I had the opportunity to learn to operate a high-tech laser marking system,” Mulcahy said. “I didn’t have a technical background and at first, I thought, ‘oh my gosh!’ but as I trained, I gained confidence. I work with great people, in an environment where everyone gets an equal opportunity.”

Lorant and Connolly said they are grateful to work in a corporate culture that is diverse and supportive; and they said it is satisfying to represent women within their organization and the industry overall

“While I’ve had a great deal of success at ARCH, I think my greatest satisfaction is in earning the respect of the people I work with,” Connolly said. “I work with incredibly talented, intelligent people – having their respect, and their support, means we’re all successful.”

“I believe that leaders must remain humble and that they must always remain ready to pitch-in, doing whatever is necessary, no matter their title or position,” Lorant said. “I’m fortunate to be with a company that makes that philosophy part of its way of doing business.”

Read “Women in manufacturing ... in their own words”


MMi Sonora acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”) on Feb. 12 acquired MMi Sonora (“MMi”), located in Sonora, Calif. MMi manufactures high-precision components and assemblies primarily for the medical market, with expertise in precision manufacturing for the rapidly expanding robotically assisted surgical market. MMi will join the ARCH Medical Solutions Segment. The move bolsters ARCH as a leading, important and growing supplier to the medical market. MMi has an impressive breadth of core competencies, including high-precision complex machining, prototyping to production, testing, assembly, and finishing. These advanced competencies are highly complementary to the existing high-precision machining capabilities at ARCH Medical Solutions locations across the country.

“We are extremely excited to announce the acquisition of MMi, and we welcome all MMi colleagues and customers to the ARCH family of companies,” said Paul Barck, Divisional President of ARCH Medical Solutions. “This acquisition is strategically important as it demonstrates our commitment and deliberate move into the rapidly expanding robotically assisted surgical market. The MMi acquisition also adds to the depth of our machining capabilities for complex, tight-tolerance machined components and devices for the surgical robotics and precision motion control hardware industries. MMi has established themselves as a critical supplier to the world’s leading manufacturers within these markets, and becoming a member of the ARCH family will provide the opportunity for us to more broadly support and serve our customers.”

“The timing is right for MMi to join forces with ARCH Medical Solutions, a growth-oriented strategic partner, and this move will be beneficial for our employees and our loyal customers,” said William McDonald, former co-owner of MMi. “ARCH shares the vision and core values that we live by every day at MMi, and we are looking forward to our partnership with the ARCH team.”

Steve Woodward, former co-owner of MMi, agreed. “This is an exciting new chapter for MMi and an opportunity for us to grow with a well-respected family of precision manufacturing companies that fully embraces the medical technology revolution,” he said.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711


Arundel Machine Tool, LLC acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”) on Jan. 21 acquired Arundel Machine Tool (“Arundel”), located in Arundel, Maine. Arundel manufactures high-precision components and assemblies primarily for the aerospace and defense market, as well as the semiconductor and oil and gas industries. Arundel will join the ARCH Precision Components Segment and will add scale to ARCH’s leading position as an important and growing supplier to the global aerospace and defense markets. Arundel has an impressive breadth of core competencies, including high-precision complex machining of nickel alloys, stainless steel and aluminum; utilizing cutting-edge multi-axis CNC machining centers; and expertise in ultra-high-precision grinding. These advanced competencies are highly complementary to the existing high-precision machining capabilities at ARCH Precision Components locations across the country.

“We are extremely excited to announce the acquisition of Arundel Machine Tool, and we welcome all Arundel colleagues and customers to the ARCH family of companies,” said Andy Spiering, Divisional President of ARCH Precision Components. “This acquisition is strategically important for two reasons: It will significantly broaden our exposure to attractive aerospace and defense customers and programs. In addition, it expands our capabilities, and the soon-to-be-completed expansion at the Arundel facility will provide increased capacity to support the growing needs of our customers.”

“I truly believe from the bottom of my heart this is the right thing to do for Arundel Machine Tool and, more importantly, for all of our employees and our loyal customers,” said Marcel Bertrand, the former principal owner and CEO of Arundel. “ARCH holds true to the same set of core values that we live by every day at Arundel. This is an exciting new chapter for Arundel Machine Tool and an opportunity to grow with a family of companies that shares our vision of precision manufacturing in America.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711


Aero Pacific Corp. and 2nd Source Wire & Cable, Inc. acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”) on Nov. 19 acquired Aero Pacific Corporation and 2nd Source Wire & Cable, Inc. (collectively “APC”), with locations in Garden Grove, Calif., and Placentia, Calif. APC is a manufacturer of large-footprint, high-precision components and assemblies for the defense and commercial aerospace markets. APC will join the ARCH Precision Components Segment and will solidify the company’s position as a substantial and growing supplier to the global aerospace and defense markets. Core competencies of APC include high-precision, complex machining of large, hard-metal and aluminum forgings and plate utilizing large gantry-style machining beds in addition to expertise in machining similar hard metals on more conventional CNC equipment. These expanded competencies are highly complementary to existing high-precision machining capabilities at other ARCH Precision Components Segment locations across the continental United States.

“We are extremely excited to announce the acquisition of Aero Pacific Corp., and we welcome all APC colleagues and customers to the ARCH family of companies,” said Andy Spiering, Divisional President of the ARCH Precision Components Segment. “The acquisition of APC is strategically important as it will significantly broaden our exposure to attractive aerospace and defense customers and programs as well as expand our capabilities to include tight-tolerance machining of large-envelope, hard-metal parts for critical applications.”

“I am pleased to announce the sale of APC to ARCH,” said Mark Heasley, the former principal owner and CEO of APC. “In choosing an acquirer to sell to, it was extremely important to find a buyer with strong cultural alignment and one with a strong track record of acquiring and integrating businesses in a manner that is not disruptive to the customers and colleagues of the businesses that have been acquired. After spending time with a number of different interested buyers, it quickly became apparent that ARCH was the ideal fit for APC to partner with during this next phase of growth of the business. The entire APC team could not be more excited about the sale to ARCH and what the future will hold as we partner with the existing ARCH organization to drive growth and maximize performance.” Mr. Heasley will continue in his current role as the President of APC for the foreseeable future.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711


Jade Precision Medical Components and Jade Equipment Corporation acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”) has acquired Jade Precision Medical Components (“JPMC”) and Jade Equipment Corporation (“JEC”), each located in Huntingdon Valley, Pennsylvania. JPMC is a manufacturer of high-precision medical implants serving the Spine, Trauma and Extremity segments of the Orthopaedic market. JMPC will join ARCH’s growing medical division, ARCH Medical Solutions (“AMS”). JEC is a manufacturer of tight-tolerance precision components and assemblies, primarily serving the Semiconductor and Aerospace & Defense industries. JEC will join ARCH’s Precision Components division.

“We are pleased to announce the acquisition of Jade Precision Medical Components, and we welcome all of the JPMC colleagues and customers to the ARCH family of companies” commented Paul Barck, Divisional President of ARCH Medical Solutions. “Strategically, JPMC will significantly expand AMS’ implant manufacturing capabilities within the Spine, Trauma and Extremities markets. JPMC’s broad expertise and reputation as a supplier of choice for many of the largest and fastest growing Orthopaedic OEM’s aligns perfectly with our approach to the market and serving its customers. We look forward to continuing to provide the highest levels of customer support that has been the hallmark of JPMC’s growth, while offering expanded capacity and capabilities through our other AMS businesses."

ARCH’s Precision Components Divisional President, Andy Spiering, commented, “We are excited about the acquisition of JEC as it brings added scale and expanded capabilities, specifically as it relates to hard metal machining and clean room assembly technology. Furthermore, JEC’s focus on complex semiconductor and aerospace applications, strong quality management system and broad range of manufacturing capabilities compliments our expanding Precision Components division.”

Brian Manley, the former majority owner and Chairman of Jade Precision Medical Components and Jade Equipment Corporation, commented, “I am pleased to announce the sale of JMPC and JEC to ARCH. In choosing an acquirer to sell to, it was extremely important to find a buyer who had a strong understanding of our businesses and placed a high degree of emphasis on maintaining our company culture. Given ARCH’s acquisition track record and growing reputation as a leading manufacturer of medical devices and precision-machined components, I quickly identified ARCH as the ideal buyer.” John Delp, the former minority owner and President of Jade Equipment Corporation, commented, “ARCH has acquired two great companies and is committed to the continued growth of JPMC and JEC. The entire Jade team could not be more excited about the sale to ARCH and the opportunities that lie ahead.” Mr. Delp will continue in his current role as the President of JEC during a transition period.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711


Lori Lorant Named Vice President Human Resources at ARCH

ARCH, an American company that is focused on manufacturing precision cutting tools, precision machined components and medical implants and instruments, today announced the appointment of Lori Lorant to the position of Vice President Human Resources.

Ms. Lorant has been with the organization for almost five years and has held the roles of Employee Relations Manager and Director of Human Resources prior to her promotion to Vice President. She is an experienced Human Resources professional with a history of success in the mechanical engineering industry. She is skilled in talent management, employee relations, strategic planning, succession planning, multi-site and -state HR leadership, due diligence relating to M&A activity, and on-boarding and the integration of employees from new companies.

Prior to joining ARCH, Ms. Lorant spent more than 15 years as an HR Manager in the retail consumer goods industry, with corporate, retail store and buying operations HR responsibilities.

“Lori has done an outstanding job of providing leadership since joining ARCH several years ago,” said Eli Crotzer, ARCH President and CEO, when making the announcement. “She always does a nice job of finding the right balance in handling challenging situations and she is highly effective in working closely with the leadership teams across the country to ensure we are supporting and promoting our most valued asset – our human capital.  I am pleased to announce Lori’s promotion to Vice President Human Resources, and I ask that all of you take time out to thank her for her countless contributions to our company and congratulate her on this well-deserved promotion.”

“I’m excited to expand my responsibilities and to further develop the ARCH employee-centric focus to HR,” said Ms. Lorant. “It is my desire to make ARCH a great place to work for all, so we can support our associates and ensure we provide our customers with the best American-made products, services and support.”

Ms. Lorant earned her Bachelor of Science (B.S.) focused in Business, Management, Marketing, and Related Support Services from Central Michigan University, and she holds SHRM – SCP certification through the Society for Human Resource Management.

About ARCH
ARCH, a Jordan Company platform company, headquartered in metro Detroit is an American company that manufactures high-quality cutting tools, medical instruments and implants, and precision-machined components for a range of critical applications. ARCH is strategically located across the country with 18 production facilities serving the medical, aerospace, defense, and progressive industrial markets. The teams at ARCH are metalworking professionals with tight-tolerance manufacturing expertise. ARCH provides innovative and practical solutions to the complex manufacturing challenges of their customers.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711


Siem Tool Company acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”), a Jordan Company platform company that is focused on manufacturing precision cutting tools, precision machined components and medical implants and instruments, has acquired Siem Tool Company (“Siem” or “Siem Tool”), located in Latrobe, Pennsylvania. Siem Tool is a manufacturer of customized solid carbide drills, end mills, reamers, thread mills and form tools. Siem Tool will join ARCH’s Cutting Tools division.

“We are excited to announce the acquisition of Siem Tool, as this acquisition further expands ARCH’s custom cutting tool product offering and deepens our bench of in-house technical application engineers who have a long history of successfully working with end users to develop custom tooling solutions. In addition, Siem adds ARCH’s first captive coating center that can be leveraged across the organization, plus Siem’s in-house coating infrastructure can accommodate further expansion in this area,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “The acquisition of Siem Tool supports our ongoing strategy of creating a market leading custom tooling provider through the “ARCH Specials” brand and product offering. Furthermore, Siem brings proprietary carbide edge-prep technical application knowledge for further development of ARCH’s high-performance tooling,” added Mr. Cederstrom.

John Siemering, the former owner of Siem Tool, commented, “I am pleased to announce the sale of Siem Tool to ARCH Global Precision. After careful consideration of several potential acquirers of Siem Tool, the decision to sell the business to ARCH became apparently clear based on the strong cultural alignment between our organizations, ARCH’s commitment to support further growth and long history of successfully executing transactions. I am exceedingly confident that Siem will continue to grow and prosper under ARCH’s leadership.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711


The Jordan Company Announces the Acquisition of ARCH Global Precision

ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision machined industrial components and medical implants and instruments has been acquired by The Jordan Company (“TJC”) effective as of today. Mr. Eli Crotzer, President and CEO of ARCH Global Precision and the entire ARCH senior management team intend to continue operating in their current roles under TJC’s ownership. “We are exceedingly pleased to announce the sale of ARCH to TJC” commented Mr. Crotzer. “On behalf of the entire ARCH team I would like to thank the good folks at Strength Capital Partners and Main Post Partners for their support and partnership over the last several years. Together we have achieved an extraordinary number of important milestones in building ARCH into a leading high-precision metalworking platform. I could not be more excited to be having TJC acquire ARCH, as they share our vision for growth and cultural preservation at ARCH. I am confident that this next chapter of growth at ARCH with TJC will be every bit as rewarding and energizing as the last several years have been under the ownership of Strength Capital Partners and Main Post Partners” concluded Mr. Crotzer.

“We are thrilled by this excellent outcome. Our investors will receive a very good return on their investment and the Company is getting an ideal partner for the next leg of its incredible growth”, commented Mark McCammon, Managing Partner at Strength Capital Partners.

“We are grateful to the management team at ARCH who have led a significant transformation in ARCH’s business since our investment, and we wish them well under new ownership”, added Scott Bell, Partner at Main Post Partners.

“We are delighted to be partnering with the ARCH management team to support its next phase of growth. ARCH is an industry-leading platform with a best-in-class management team. We will continue to invest heavily in the business to support organic growth and strategic acquisitions”, commented Mike Denvir, Partner at The Jordan Company.

Lincoln International acted as the exclusive financial advisor to ARCH and Jaffe, Raitt Heuer & Weiss acted as the exclusive legal advisor to ARCH for this transaction.


Competitive Carbide, Inc. acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision machined industrial components and medical implants and instruments has acquired Competitive Carbide, Inc. (“CCI”), located in Mentor, Ohio. CCI is a manufacturer of customized solid carbide drills, end mills, reamers, indexable tools and custom inserts. Additionally, CCI manufactures Polycrystalline Diamond (“PCD”) tipped tools and inserts, which is a new product offering for the ARCH Cutting Tools segment.

“We are very pleased to announce the acquisition of CCI, as this acquisition further broadens ARCH’s cutting tool product offering. Specifically, the transaction expands our offering of custom indexable tooling, coolant through carbide drills, and adds significant experience in PCD tooling capabilities. In addition, CCI brings an experienced and highly technical engineering team that provides quick turnaround custom tooling solutions,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “Adding CCI’s PCD tooling capabilities fills a product gap within our broad product offering, and supports our ongoing strategy of providing a one-stop solution to our customers for all of their cutting tool needs. Separately, in late 2018 CCI took occupancy of a new state-of-art custom facility adjacent to its primary facility. The new facility, along with recent significant capital investments, adds incremental capacity to support the growing needs of our customers and will help facilitate CCI’s next stage of growth,” concluded Mr. Cederstrom.

Tom Cirino, the former owner and continuing President of CCI, commented, “I am excited to announce the sale of Competitive Carbide to ARCH. In choosing an acquirer to sell the company to, it was important to identify a buyer who understood our business, had good cultural alignment and who was committed to the continued growth of CCI. Having stayed in contact with Jeff and the ARCH team over the last several years, I was confident ARCH was the ideal buyer for CCI and its employees.” Mr. Cirino will continue in his current role as President of CCI during the next stage of growth under ARCH’s ownership.


American Tool Service & OrthoGrind acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision-machined industrial components, and medical implants and instruments has acquired American Tool Service, Inc. and OrthoGrind, LLC (“ATS” and “OrthoGrind”), with locations in Fort Wayne, Indiana and Indianapolis, Indiana. ATS is a manufacturer of standard and custom carbide end mills, drills and rotary shank cutting tools for the medical, aerospace and general industrial markets. In addition, OrthoGrind provides grinding services for medical instruments, including drills, taps, reamers and extractors. Post close, ATS will become part of ARCH’s Cutting Tools division.

“We are excited to announce the acquisition of ATS, as this acquisition further expands ARCH’s cutting tool product offering. Additionally, ATS brings an experienced and highly technical commercial sales team that places a high degree of emphasis on engineering solutions and design,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “Adding ATS’ Eliminator series of high-performance end mills and design capabilities for custom tooling applications will drive incremental growth for ARCH Cutting Tools. Furthermore, OrthoGrind’s medical instrument grinding services will be leveraged by ARCH’s medical division, ARCH Medical Solutions (“AMS”), to expand the product offering for the AMS customer base,” concluded Mr. Cederstrom.

Todd Gibson, the former owner and continuing President of ATS, commented, “I am pleased to announce the partnership between ATS and ARCH. It was important to identify a partner with a strong presence in the cutting tool industry, and one who shared a similar strategic vision for the business. Given the reputation and market position of ARCH Cutting Tools, I was confident ARCH would be the ideal partner to take ATS to the next level.” Mr. Gibson will continue in his current role as President of ATS during the next stage of growth under ARCH’s ownership.


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