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

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    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

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    • Purdue University ranks #7 for Best Value in a college education in the U.S., according to the Wall Street Journal

      Two Indiana Schools Break Top 50 List of Best Colleges

      The Wall Street Journal and the Times Higher Education magazine have released their annual list of the top 801 colleges and universities in the country. Two Hoosier universities are included in the top 50.

    • Purdue to Open Chick-Fil-A Amid Protests

      Citing overwhelming demand for Chick-fil-A’s food and services, Purdue University has announced it will allow the restaurant to open on campus. The university has been at the center of a debate over the Georgia-based food chain. 

    • Photo courtesy of Crestwood Village

      Justus Rental Properties Details Closures

      Indianapolis-based Justus Rental Properties, Inc. has announced it will be closing its assisted living service line at Crestwood Village West and Crestwood Village East. The company is also is in the process of selling the both communities.

    • (image courtesy of Pixabay/NIkolay Frolochkin

      State Revenue Ticks Higher in August

      Indiana revenue in August exceeded projections by nearly four percent. The Indiana State Budget Agency reports General Revenue funds last month hit $1.1 billion, 3.8 percent above projections. Sales tax revenue came in higher than anticipated at $693 million, more than three percent higher.