Japanese Company to Acquire 50-Year-Old Indiana Manufacturer

Posted: Updated:
The C&A Tool Engineering Inc. headquarters is in Churubusco. The C&A Tool Engineering Inc. headquarters is in Churubusco.
CHURUBUSCO -

The Japan-based parent of New Hampshire Ball Bearings Inc. has announced the acquisition of C&A Tool Engineering Inc. in Churubusco. Under terms of the deal, MinebeaMitsumi Inc. will own 51 percent of the longtime Whitley County precision metal processor and the Development Bank of Japan will own the rest.

C&A's products are used in the medical, aerospace, industrial and fuel systems fields. The company will become part of the NHBB/myonic Business Unit, which includes previously-acquired myonic and CEROBEAR, and has a total of five manufacturing facilities in the U.S., two in Germany and one in Czech Republic.

C&A has a total of three facilities: two in Churubusco and one in Auburn. MinebeaMitsumi says it expects to tap into C&A's 3D printing capabilities and expand the use of its Direct Metal Laser Sintering technology to other business units. It says the acquisition will boost diversity of aerospace product offerings and accelerate MinebeaMitsumi position in the medical field. The parent company says "we intend to build a cooperative structure under the direction of NHBB with the aim of expanding C&A business further in the years to come."

The acquisition is expected to close within a month and financial details are not being disclosed. C&A was founded in 1969 and reported $73 million in net sales last year.

  • Perspectives

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Nestl√© Planning $80M Anderson Expansion

      Nestlé USA has unveiled plans to invest nearly $80 million into its Anderson operations. Our partners at The Herald Bulletin report the company will purchase new equipment for the facility and add 30 jobs.

    • Sports Corp Seeks $25M For 4-Year Stretch

      The first-ever State of Sports address from the president of the Indiana Sports Corp. included a major fundraising announcement. Ryan Vaughn says the new Indy Championships Fund will push to raise $25 million to support a four-year stretch of major events that ISC says will be "unlike anything Indianapolis has enjoyed in the past." The organization says events during that time are expected to deliver a $670 million economic impact.

    • Electric Works Lands State Incentives

      The first phase of a major redevelopment project in downtown Fort Wayne will receive state assistance. The Indiana Economic Development Corp. has awarded a conditional tax credit for Electric Works, a mixed-use innovation district located at the former GE campus. The incentive is part of the IEDC's Industrial Recovery Tax Credit program, used to boost investment in the redevelopment of former industrial facilities. Developers are projecting an initial investment of more than...

    • Well-Known Real Estate Firm Expanding to Fort Wayne

      Texas-based Keller Williams Realty Inc. has announced plans to open its first office in downtown Fort Wayne. Financial details of the real estate company's investment in the location were not immediately disclosed, however the expansion will bring at least 35 jobs to the Allen County city.

    • Tastings Unveils 'Wine Truck'

      Tastings in Indianapolis is taking wine mobile. The Tastings Wine Truck has making the rounds in the city. Owner Ross Bailey says he saw a need for wine offerings at local events that often only serve beer. The wine bar unveiled the truck, a restored 1952 International Harvester Metro, Thursday at its downtown location.