PennEngineering Acquires Heyco Products
Heyco’s leadership and management team will continue unchanged.
Share
Takumi USA
Featured Content
View MoreECi Software Solutions, Inc.
Featured Content
View MorePennEngineering (Danboro, Pennsylvania) has successfully completed the acquisition of Heyco Products Inc. (Toms River, New Jersey). Terms were undisclosed and no changes are anticipated regarding Heyco’s operations, facilities, and employees.
Heyco will continue to operate as a separate company under the PennEngineering corporate umbrella as the foundation of the new Engineered Plastics platform. The Heyco brand will remain unaffected. Bill Jemison, president of Heyco, will continue to lead the company with the existing Heyco management team.
The acquisition is expected to expand opportunities for both companies. With strong global presence and existing customer and sales channel relationships, PennEngineering is positioned to accelerate Heyco’s growth in Europe and Asia. The combined product offerings and global sales and operating platform will provide current and new end-users worldwide with the leading offering of metal and plastic component assembly solutions.
Related Content
-
High RPM Spindles: 5 Advantages for 5-axis CNC Machines
Explore five crucial ways equipping 5-axis CNC machines with Air Turbine Spindles® can achieve the speeds necessary to overcome manufacturing challenges.
-
How to Successfully Adopt Five-Axis Machining
While there are many changes to adopt when moving to five-axis, they all compliment the overall goal of better parts through less operations.
-
Volumetric Accuracy Is Key to Machining James Webb Telescope
To meet the extreme tolerance of the telescope’s beryllium mirrors, the manufacturer had to rely on stable horizontal machining centers with a high degree of consistency volumetric accuracy.