Shelby Township’s Avon Machining, a manufacturer of large, complex, precision parts for industries including aerospace, defense, construction, mining, energy, and agriculture, has acquired Plasma-Tec in Moline (south of Grand Rapids), a thermal spray coating company.
The merger expands Avon into new industries and enhances its capabilities. Terms of the deal were not disclosed.
“As a reliable, cost-effective domestic source for high-quality precision parts, we look forward to expanding the strong relationships Plasma-Tec has built over the past 38 years with several leading OEMs,” says Chad Fietsam, CEO of Avon Machining.
As a supplier to OEMs, Avon will collaboratively provide the part solution that maximizes long term reliability, durability, and cost-effective products to its customers.
Avon acquired the assets of Avon Gear in 2017 and has since grown from a 10,000-square-foot building in Rochester Hills to a 110,000-square-foot facility in Shelby Township.
Avon Machining is a portfolio company of Speyside Equity Fund I LP, an industrial investment company fund. Speyside Equity invests in manufacturing companies. Speyside employs more than 3,000 people and has a portfolio of companies that generate in excess of $1 billion of total revenue.