A national firm aimed at revitalizing domestic manufacturing has acquired Livingston County metalsmith Technical Metals Inc. [TMI].
The El Paso, Texas-based Manufacturing Revitalization Corporation of America [MRCA] works with "legacy manufacturers" to shore up their operations and help ensure American manufacturers stay in business.
TMI opened in 1970 as a one-man shop and now employs 65 people, grossing $8.7 million annually. It is Fairbury's largest manufacturer, providing grinding, welding, lathing and abrasive water jet services to companies that produce construction equipment like tractors, cranes, earthmovers and other large-scale metal operators. The company is based out of a 80,000-square-foot facility in Fairbury.
“We were looking for a partner who understood us—understood this is a family business and we consider clients and employees family," TMI manager Rebecca Hoffman said in a statement. Hoffman is the granddaughter of the company's founder.
“We met with the principal owners and we probably took a six-month turn with understanding it,” said MRCA chief brand officer Steve Hermosillo. “It’s a very strong business that has been ran, so we felt very comfortable there too.”
Hermosillo said MRCA does not anticipate challenges at TMI related to the Trump administration's proposed 25% tariffs on steel and aluminum or supply chain disruption.
“We don’t see any bumps in the road with regard to supply chain here or a downturn in manufacturing,” Hermosillo said. “These orders come in and there’s not a lot of one-off business. It’s something that’s built over time, and a lot of these parts run for five, six, 10 or 15 years.”
In a statement, MRCA chief strategy officer Jason Azevedo said specialty metalwork holds a critical role in manufacturing infrastructure.
“It is important that we maintain this skill and capacity in the United States," he said. "TMI fits our investment thesis of working with successful, legacy companies to expand and help build for the future.”
