Netform Announces Merger with Tapemaster
Shelby Township, Mich.,
The merger expands Netform's highly engineered, automated and advanced manufacturing platform with precision CNC milling, turning, grinding, and inspection capabilities that will allow customers to work with one partner from initial formation through final machining and inspection. The addition of Tapemaster's capabilities, including the Company's AS9100D certification, will create new opportunities for the combined business, particularly in aerospace and defense, and strengthen support for existing transportation / vehicle programs that rely on vertically integrated manufacturing.
"This is an exciting opportunity for the entire Tapemaster team and our blue-chip customer base. Our partnership with Netform provides important strategic resources allowing us to better serve and grow with our customer base. The Torque and Netform teams provide the cultural and long-term focus our employees and customers deserve." commented
About Netform
Netform is a leading manufacturer of advanced flow-formed and cold-formed components and assemblies primarily focused on transmission, propulsion and safety-critical applications in the mobility markets. Netform is a recognized industry leader in applying its advanced process capabilities to the development of innovative components and assemblies characterized by high strength to weight ratios, near-net shape specifications that require little to no additional secondary operations, and reduction in weight, waste, and cost. NETFORM maintains ISO 9001, IATF 16949, and ISO 14001. Netform operates out of three facilities in New
For additional information visit www.netform.com and www.vickerseng.com.
About Tapemaster CNC
Tapemaster is a designer and manufacturer of precision CNC machining services for highly engineered products, primarily serving the aerospace & defense and transportation markets. Tapemaster maintains AS9100D.
For additional information visit www.tapemastercnc.com.
About Torque Capital
Torque Capital Group is a middle-market private equity firm that takes an operational approach to investing in businesses at a critical inflection point. Torque deploys patient capital behind North American based manufacturing, niche / enthusiast branded products, and supply chain service companies, with a particular expertise in transportation related markets. Torque serves as a resource to its portfolio company management teams, offering strategic, operational, and financial resources to accelerate the building of long-term value for all stakeholders.
For additional information visit www.torquecap.com.
View original content:https://www.prnewswire.com/news-releases/netform-announces-merger-with-tapemaster-302656528.html
SOURCE Torque Capital Group
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