Addman Acquires Harbec Inc.
Purchase unlocks injection molding and end-to-end polymer product lifestyle services, while combining industry-leading engineering talent.
The Harbec and Addman leadership team. Photo Credit, all images: Harbec Inc.
Addman, an engineering-centric provider of additive and traditional manufacturing solutions, has announced the acquisition of Harbec Inc. The transaction was supported by private equity firm American Industrial Partners (AIP).
Founded in 1977, Harbec specializes in the preproduction and production of precision machined components (three to seven-axis CNC, EDM), metal (direct metal laser sintering/DMLS) and polymer 3D printing, injection molding with internal tool and die-making capabilities and quality assurance. Harbec is said to have extensive experiences with a variety of materials including aluminum, titanium, Inconel, magnesium, steel, brass, copper and serves a nation-wide customer base in the aerospace and defense, medical and high-end industrial end markets. Headquarter in Rochester, New York, the company operates a state-of-the-art, AS9100D- (aerospace) and ISO13485:2016- (medical) certified facility with ITAR license (defense) and an ISO Class 7 cleanroom. The acquisition of Harbec adds 160 talented and dedicated employees to the broader Addman organization.
“Harbec’s expertise with injection molding is a new capability to Addman that rounds out our company’s polymer product offerings,” Joe Calmese, CEO, Addman, shares. “We now have the tools that span the full product lifecycle for plastics, and that’s powerful. Furthermore, deepening our capabilities in precision machining and additive manufacturing [AM] allows us to target critical new markets including our growing medical business.”
Harbec’s achievements under founder and industry veteran Bob Bechtold is another key acquisition consideration as Addman aims to power a greener future. Built with a vision of sustainable manufacturing, Harbec’s 110,000-square-foot climate-controlled facility is carbon and water neutral with ISO 14001 and ISO 50001 certifications for environmental and energy policy. Harbec’s other ESG accolades include a 2016 EPA “Green Power Leadership” Award, NIST MEP Excellence in Sustainability Award and New York State Department of Energy Conservation Excellence Award.
Harbec Inc. facility.
“One of the main goals of Harbec is to see others adopt an environmentally conscious manufacturing approach,” Bechtold says. “What we pen as ‘The Harbec Way.’ Joining the Addman group helps us do exactly that across the country. We look forward to applying our sustainable manufacturing processes throughout Addman.”
At the leadership level, Chris Piedici, general manager, will maintain day-to-day oversight of Harbec and will now report to Tim Kanne, Addman’s operations advisor. Sales and support contacts within Harbec will remain the same for customers and suppliers.
“We are lucky to have such a loyal customer base that has partnered with us to design, engineer and manufacture the impossible over the last 45 years,” Bechtold adds. “With the Addman and AIP leadership team, we are certain that legacy and brand commitment will remain unchanged for them. If anything, they now have access to new capabilities, additional capacity and a whole network of highly skilled partners as a byproduct of the sale. We all come out ahead with this one.”
According to Calmese, Harbec is the company’s fourth acquisition in 18 months, cementing Addman as a largely diversified partner in the contract manufacturing space.
