Heinz and Kraft, Zimmer and Biomet, Medtronic and Covidien all have been proving that mergers and acquisitions might be the latest trend. Regardless of their industry niches’ many companies are merging and becoming a comprehensive entity.
The idea of combining two strong teams restores the notion of serving a wider range of customers. By blending the talents, capabilities, and technologies of two companies they maximize their production and value.
At Metal Craft & Riverside, we believe there are vital key reasons why mergers are becoming more relevant today than in the past.
1. Focusing On Strengths
As two companies become one, there is a heavy focus on what strengths and weaknesses need revision. When mergers are in the negotiation stage, many aspects are analyzed, however, one common thread is both companies are honest about one another’s strengths. They then hone in on them. Instead of worrying about fixing weaknesses, they recognize the strengths of how businesses ran individually and maximize on those areas.
2. Larger Market Share and Cross Promoting
By combining companies, customers begin to merge as well. When both companies have a strong customer relationship, the merger will not affect their loyalty. In fact, most mergers see an increase in opportunity to serve their customers with increased capabilities due to the shared technologies and information. They gain way more accessibility to cross promote and use that leverage to combine audiences.
3. Cut Cost
When two companies have similar services or products, costs are reduced. By streamlining functionalities and (sometimes) combining locations, they can create a large reduction in cost. Couple this with their gained consumers, the profitability can increase.
4. Increased Capabilities
Many mergers benefit when the companies gain each other’s equipment, technologies, and expertise. Whether one side has the equipment, and the other has better knowledge, many mergers thrive when they consolidate because they gain one another’s capabilities. Research & development is one common department that greatly benefits from a merger. These gained capabilities directly relate back to honing in on one another’s strengths that when combined add great value to the overall new company.
In some industries, it makes sense to have a merger for overall survival. Often times the two separate companies compete with one another to maximize on the industry they both work in, it may be beneficial to join forces.
Strengths, larger customer-base, improved capabilities, and a better overall survival rate are all reasons why mergers have been so prevalent in recent news. These are all great assets for both parties. Consequently, mergers are a constructive way for two companies to be a collective firm and stay significant for the future. MetalCraft & Riverside don’t think that we will see a shortage of mergers anytime soon. Are there any other reasons you think mergers are becoming more prevalent than ever? Connect with us on twitter to add your comments on what benefits two companies becoming one in an acquisition!
This past summer we opened our new Riverside Machine and Engineering facility, a 159,000 square foot section of a building located in Eau Claire, Wisconsin, giving us the ability to offer our customers more services, space, development, and support. We’re excited to be able to meet and exceed the following objectives:
- To optimize the space to be able to provide improved flow for business needs in the Aviation, Space, & Defense and Medical Device markets. Our primary focus on two segments: Aluminum Vacuum Brazed products and Surgical/Medical Device manufacturing.
- To execute the move with limited down time per machine, department, cell and personnel by using a planned, staged execution of take down, move, install, and qualification activities.
- To maintain our commitment to our customers to ensure uninterrupted delivery.
We’re also thrilled to share with you our new and enhanced aluminum vacuum furnace brazing and heat-treating capabilities. Our process creates a leak-tight bond down to 10-7 STD cc/sec of helium, along with our non-corrosive, cleaner, and stronger joining methods. Vacuum brazing is perfect for oxidation-sensitive alloys that are commonly used in the Aviation, Apace,& Defense industries.
Whatever your industry or application, our engineering staff will work as an extension of your team to deliver your desired results with our vacuum brazing prototype to production services. We also provide solution heat-treating and quenching of 6061 aluminum for the production of cold plates, heat sinks, and custom brazing projects. Every piece we manufacture complies with stringent industry specifications defined within the following: AWSC 3.7, MIL-B-7883, and AMS 2770.
Learn more about new facility and our aluminum vacuum furnace brazing and heat treating capabilities here.
American manufacturing dates back to the early 1800s. The country was built on it. Yet in spite of this rich history, the majority of Americans have no idea what manufacturing is or how it plays a role in their everyday life. The inaccessibility of the industry makes it difficult to close this knowledge gap. Fortunately, manufacturers are aware of the issue and are working hard to make a positive change.
The Solution – MFG Day!
Manufacturing Day was created to address misconceptions about manufacturing by giving manufacturers the opportunity to open their doors to the general population. Manufacturing companies, through lectures and demonstrations, can educate the public about their industry in an organized and safe environment. Click here to find an event near you!
On this special day, manufacturers can shed light on their growing shortage of skilled labor. The day also offers them an opportunity to connect with future generations of workers. As areas of the country change from manufacturing-based economies to knowledge-based economies, it is important that manufacturing companies are able to recruit new employees and educate graduates about the benefits of a career in the manufacturing industry.
While many might be quick to dismiss manufacturing as a blue collar industry, they probably don’t know that 90% of manufacturing workers have medical benefits, the average salary of a manufacturing employee is $77,000, and manufacturers have the highest job tenure in the private sector. Manufacturing Day is supported by a group of industry sponsors and co-sponsors and was designed to allow manufacturers to draw attention to their common concerns and challenges.
Why the Interest?
American manufacturing accounts for a large portion of the American economy. Changes in the industry have direct effects on the economy and national security. In 2013, manufacturing contributed $2.08 trillion to the US economy. Millions of Americans depend on the industry for their livelihood. More than 12 million Americans (9% of the US workforce) are employed in manufacturing.
There are plenty of ways to stay involved during the month of October. A wide number of events are taking place throughout the country, and a full list can be seen on mfgday.com/events.
Here’s one example of how a manufacturing company is becoming more engaged with the public: Metal Craft, a leading partner in custom precision manufacturing, works with a variety of schools such as Dunwoody College of Technology, St. Cloud Technical College, and Alexandria Technical College. The company attends career fairs and provides engineers as instructors at the schools.
Manufacturing Day is the rallying point for a growing mass movement. Manufacturers and schools are coming together as a united front to ensure = continued prosperity and to help =communities and future generations thrive.
In our past two blogs we discussed two important aspects of our company: tackling the gender gap and design for manufacturability. Both of these components are a big part of the Metal Craft / Riverside culture. As a growing company, we’re interested in attracting passionate, educated, and loyal employees. We work with a number of organizations and schools to introduce our career opportunities to students and to educate those interested in the machining industry.
We are especially proud of our strong partnerships with the Dunwoody College of Technology, St. Cloud Technical College, and Alexandria Technical College. In fact, one of our engineers teaches at a local school. Our staff also attends career fairs to promote jobs in the machining industry and also frequently opens our facility to student tour groups.
Currently, we are actively recruiting for a variety of open positions. Some of our open positions include a 2nd shift Swiss Machinist, a 2nd shift CNC Machinist, a 2nd shift Finisher, a 2nd shift Assembler, an Inspector and a Quality Engineer.
Depending on the position, there are a number of different requirements, responsibilities, and duties. For example, our open 2nd shift CNC Machinist role requires the candidate reads and understands blueprints, job routings, tooling instructions, and standard charts for such specifications as dimensions, tolerances, and tooling instructions such as a type of holding fixtures, cutting speeds, feed rates, and cutting tools to be used. Additionally, the candidate must know how to write programs in FANUC and/or YASNAC language to set specified rotation speeds, feed rates, and depth of cuts (excluding manual turning machinists). Other requirements such as a two year certificate, related experience, and more are required.
We also offer a variety of benefits such as health, dental, life and disability insurance, 401 (k), personal time off, paid holidays, and more. Depending on the role and whether a role is part-time or full-time, other benefits are available.
Make sure to frequently check out our employment listings to learn more about current openings, requirements, benefits, and job descriptions.
As we continue to look for ways to enhance our partnerships with our customers, we are focusing more and more on Design for Manufacturability (DFM) services. When manufacturing components for our customers, we work with them from idea conception to delivery, ensuring that the entire process is done efficiently, safely, and in a cost saving manner.
At Metal Craft and Riverside, we like to get involved with our customers’ projects as early on in the design stage as possible. Design for Manufacturability allows us to work with the client from the beginning to make any necessary changes to reduce cost and time spent on each project.
Design for Manufacturability optimizes the entire manufacturing process, such as fabrication, assembly, test, and procurement. When the designers and manufacturers collaborate, the whole process is streamlined because geometry, tolerances, and materials are handled together, without any costly and unneeded operations.
We know that when you’re developing a new product, you have to decide whether or not to use off-the-shelf parts. These components are less expensive than DFM parts, but aren’t customized to the exact needs and specifications of the customer. That’s why we offer a full line of Design for Manufacturability services.
Our trained and experienced manufacturing team uses the most advanced modeling software to prepare your components for use in our Design for Manufacturability services. Additionally, Design for Manufacturability can be extremely useful when determining material type, material form, tolerances, design and shape, and the correct drawing dimensions and content. Our team will work with you to make sure that drawing notes, drawing layouts, and specifications are handled for your particular needs.
Remember, when considering cost saving options, Design for Manufacturability is an effective and time-saving way to produce components. We understand the importance of excellent product development. Our dedicated and experienced staff is available to meet all of your DFM needs while saving you time and money.