Hy-Tech Engineered Solutions Inc. (Cranberry Township, PA) acquired Blaz-Man Gear and Gear Products & Manufacturing, two Chicago-based companies specializing in the manufacture and distribution of custom gears and power transmission gear products. The addition will triple Hy-Tech’s capacity in gear production, as well as bring new expertise to expand into more complex spiral and straight bevel gear design and manufacture.
“Aside from the advantages this brings to new and existing customers in terms of expanded gear product availability, additional gear design engineering know-how and improved responsiveness, we expect it to help lower costs across the board as the new economies of scale come into play,” observed Doug Ciabotti, the president of Hy-Tech. “Adding these companies means we can better address the needs of dozens of industries for highly engineered gearing, design consulting and reverse engineering. We’re most excited about our expanded capability to handle complex spiral, straight and hypoid bevel gearing applications which have traditionally been difficult to design and manufacture. Combining this bevel gear expertise with our dedicated production capacity for rush and breakdown requirements, as well as for “one-off” special orders, allows us to be a full-service partner to our customers, offering them complete gear solutions.”
These new manufacturers will operate together with Hy-Tech’s current gear company, Quality Gear, forming a new “Power Transmission Division” in Punxsutawney, PA. The acquisitions further strengthen Hy-Tech’s position in domestic industrial manufacturing, joining current brands including ATP Tools, Parts and Sockets; ATSCO; Thaxton; NUMATX; Flex-Tech and Quality Gear.
Manufacturing Industry Invited to Take Reshoring Survey
AMT and the Reshoring Initiative will use the survey results to identify which processes, products and components face the most pressure from imports and which offer the biggest opportunities to reshore. Part of AMT’s “Rebuilding the Supply Chain” initiative, the survey is open to OEMs, job shops, technology suppliers and distributors through the end of February.
Year-Over-Year November U.S. Manufacturing Technology Orders Up 1.4%
While November’s $330.3 million represent a decrease of 13.3% from October, AMT’s president says it’s clear ‘the sector did not fare as poorly as originally predicted.’