Angle Advisors announced that ArtiFlex Manufacturing LLC completed its acquisition of Hercules Machine Tool & Die LLC, a subsidiary of Enprotech, which is a wholly owned subsidiary of ITOCHU Corp. Angle Advisors acted as the exclusive investment banking adviser to ITOCHU Corp. in completing the transaction.
Located in Warren, Michigan, Hercules is a longtime, full-service supplier of prototype and production die tooling and low-volume production in the automotive sheet metal industry. The company has more than six decades of experience in the automotive industry, serving an array of blue-chip OEMs and their Tier I suppliers.
“I’m proud of the team we have built at Hercules and couldn’t be happier to join forces with ArtiFlex. We share a commitment to being an excellent partner to our customers, suppliers and employees,” said Dave Laforge, president of Hercules.
“We are thrilled to have their team join ours, which will expand our combined capabilities,” said Erin Hoffmann, founder and CEO of ArtiFlex Manufacturing. “The combination of Hercules with our existing tooling, automation and low-volume manufacturing teams creates a one-stop solution for bringing new vehicles from concept to production,” Hoffmann added.
ArtiFlex is a provider of design & innovation, engineering, tooling, automation, and manufacturing solutions of metal stamping and assemblies in North America. As a strategic vertically integrated supplier, the groups align and can work together to bring a start-to-finish service to customers. With over 800 employees and eight locations in Michigan and Ohio, ArtiFlex is positioned to support the OEMs and large tier-ones with a variety of innovative products and services, including Class-A surface stamping dies and production with a specialty in low-volume niche products.
For more information about ArtiFlex, please visit www.ArtiFlexMfg.com.
For more information about Hercules Machine Tool & Die, please visit www.hmtd.com.
