HERCULES MACHINE TOOL & DIE HAS BEEN ACQUIRED BY ARTIFLEX MANUFACTURING
Birmingham, Michigan – April 28, 2023 – Angle Advisors is pleased to announce that Artiflex Manufacturing, LLC (“Artiflex”) completed its acquisition of Hercules Machine Tool & Die, LLC (“Hercules”), a subsidiary of Enprotech, which is a wholly-owned subsidiary of ITOCHU Corporation. Angle Advisors acted as the exclusive investment banking advisor to ITOCHU Corporation in completing the transaction.
Located in Warren, Michigan, Hercules is a long-time, full-service supplier of prototype and production die tooling and low-volume production in the automotive sheet metal industry. The Company has over six decades of experience in the automotive industry, serving an array of blue-chip OEMs and their Tier I suppliers. For more information, please visit www.hmtd.com.
Hercules will continue to operate out of its Warren and Fraser Michigan operations and will become a wholly-owned subsidiary of ArtiFlex. “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,” according to 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. Erin added, “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.”
ArtiFlex is a leading 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, please visit www.ArtiFlexMfg.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 279 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.