Fort Wayne Metals Acquires Ohio Company

Posted: Updated:
(photo courtesy Fort Wayne Metals) (photo courtesy Fort Wayne Metals)
FORT WAYNE -

Fort Wayne Metals has completed its acquisition of Ohio-based G&S Titanium. Financial terms of the deal were not immediately disclosed, however the company says G&S will remain in its current facilities and operate under the G&S Bar and Wire LLC brand.

The Allen County-based company says the acquisition will allow it to better serve customers with new products and capabilities. G&S specializes in titanium and specialty alloy wire and bar drawing.

"We have enjoyed a close relationship with G&S Titanium for many years, both as our supplier and our customer," said Scott Glaze, chief executive officer of Fort Wayne Metals. "Over time, we have learned that our companies complement each other very well. Both companies are privately held, both manufacture right here in the Midwest, and both sell precision products that support critical applications, for example in the medical and aerospace industries. We’re well familiar with the quality of their products and the deep technical knowledge of their people, and look forward to working with them as we continue growing together."

The acquisition is the latest growth effort announced by Fort Wayne Metals, which in October detailed a $50 million investment into its Allen County operations with plans to add more than 330 jobs. Earlier that month, the company's Columbia City-based subsidiary Fort Wayne Metals Advanced Materials Development LLC announced plans to invest $12 million into new equipment and add 15 jobs.

Glaze appeared last month on the Fort Wayne Town Hall edition of Inside INdiana Business with Gerry Dick from Fort Wayne to talk about the company's growth. You can view the interview by clicking the link below:

  • Perspectives

    • Job Insights For The Third Quarter

      To provide accurate and timely employment forecasts for business leaders, Express Employment Professionals International Headquarters conducts an ongoing Job Insights survey to track quarterly hiring trends across a wide range of industries. Express surveyed business owners, decision makers, and human resource professionals about the overall hiring trends in their markets and how they impact their hiring decisions. Overall confidence remains high going into the second half of 2018.

    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

    • Purdue Professor, Wife Indicted For Fraud

      A Purdue University professor and his wife have been indicted on federal fraud charges. U.S. Attorney Thomas Kirsch's office says Qingyou Han and Lu Shao are accused of hatching a scheme to defraud the National Science Foundation. 

    • Maureen Krauss (pictured left) is chief economic development officer at the Indy Chamber and Tom Leinbarger (pictured right) is chief executive officer at Cummins Inc.

      Indiana Businesses Fret Potential Trade War

      As a potential trade war looms over recently-imposed tariffs on China, Indiana businesses are expressing concern about the fallout. It is estimated that global trade supports more than 800,000 jobs in Indiana, many of those in the manufacturing and agriculture sectors. In 2016, Columbus-based Cummins Inc. sold more than 500,000 engines in China. Chief Executive Officer Tom Linebarger says the company's global footprint generates jobs and investment in Indiana.

    • Devour Indy Restaurants Unveiled

      Devour Indy has released the list of restaurants participating in the Summerfest 2018 event, which kicks off next month. More than 100 Indianapolis-area restaurants are participating this year, including more than 10 new additions to the list. 

    • The fund was first announced as part of Holcomb's Next Level Agenda. (Image courtesy of the state of Indiana.)

      Next Level Fund Makes First Investments

      Governor Eric Holcomb’s office says the Next Level Indiana Trust Fund has made its first two funding commitments. The fund, created by the Indiana General Assembly in 2017, has awarded a total of $21.5 million to Indianapolis-based High Alpha Capital and Colorado-based Foundry Group.

    • and Lise Pace

      Bosma Enterprises Makes Hire, Promotion

      Bosma Enterprises has named Master Sgt. (Ret.) Jeffrey Mittman chief operating officer. He previously held positions at the Defense Finance and Accounting Services and National Industries for the Blind leveraging. Mittman served for 21 years in the United States Army, including four combat tours. Also, Lise Pace has been promoted to vice president of marketing and advocacy. She started with the organization as a volunteer in 2008.