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FOR IMMEDIATE RELEASE |
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Accudynamics, LLC acquires Star Glo Industries, Inc. Metal Business |
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East Rutherford, New Jersey April 24, 2023 – Makers Forward, LLC portfolio company Accudynamics, LLC, acquires the metal products machining business of Star-Glo Industries, Inc, which follows the sale of the Star Glo rubber business in January 2023. The business will continue under a newly formed entity, Star Glo Precision, LLC, and maintain the Star Glo name and website. Star Glo relocated to Carlstadt, New Jersey and will continue to provide premium quality machining, assembly, and development of custom components for aerospace, defense, government, medical, and other industries. The acquisition strengthens Accudynamics capabilities and capacity with additional Swiss machining. Star Glo’s metal products employees will become a part of the Makers Forward, LLC family of companies. Star Glo was founded in 1950 and grew into a more than 100,000 square foot Swiss screw machining, rubber, and rubber to metal assemblies, manufacturing operation. Star Glo’s state of the art CNC Swiss machining department has built its reputation by manufacturing the highest quality custom parts through dedicated service and quality workmanship. “Accudynamics is excited to partner with the very talented Star Glo machining team to address the machined products and assemblies’ market together with Accudynamics and our DCG Precision Manufacturing subsidiary. Star Glo’s highly efficient and proficient Swiss machining operation will strengthen and grow the offerings available to Accudynamics and DCG customers” said Accudynamics President, Michael McKenna. “Star Glo and our customers will benefit tremendously from the resources available from Accudynamics. The engineering and resource support will complement our very strong machining department to improve our current products as well as expand our offering with the additional Accudynamics/DCG capabilities” said Star Glo Vice President of Sales & Marketing, Gene Thomas. “The Accudynamics, DCG & Star Glo customers will benefit from the increased and strengthened capabilities and capacity. We look forward to building out our collective capabilities and customer relationships” said Makers Forward Chief Executive Officer, Sean M Quinn. For further information please contact: Star Glo Precision, LLC Accudynamics, LLC Makers Forward, LLC About Accudynamics, LLC: Accudynamics, LLC is a high precision manufacturing solutions provider for machining, assembly, design for manufacturing, and cost reduction projects, based in Lakeville, Massachusetts. Accudynamics serves customers in the medical, defense, industrial, and other commercial industries. About Makers Forward, LLC: Makers Forward, LLC is an investment company focused on middle market North American manufacturing businesses. Our investment objective is to make long term investments in companies that can grow and improve operating efficiency. We partner with management teams that we can work well with to develop people, strategy, and innovations. |
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