Boosting laser engraving capabilities, Standex acquires Tenibac-Graphion

Sept. 4, 2018
The combined customer base will have access to the full line of mold and tool services, such as chemical and laser engraving.

Metal fabricator Standex (Salem, NH) has acquired laser engraving services provider Tenibac-Graphion (Clinton Township, MI). Privately held Tenibac-Graphion reported revenues of $25 million for the year ended December 31, 2017 and estimated revenues of $13 million for the six-month period ending June 30, 2018. The acquisition is expected to be accretive to earnings per share by $0.16 to $0.20 in fiscal year 2019 and $0.26 to $0.30 in fiscal year 2020, excluding purchase accounting and acquisition costs.

Tenibac-Graphion's expertise in mold and tool texturizing complements Standex's portfolio and allows the company to deliver a broader set of design services, mold texturizing, tool finishing, tool enhancement, and prototyping services, says Standex CEO David Dunbar.

The combined customer base of the two companies will have access to the full line of mold and tool services, such as the Architexture design consultancy, Vycon part wrapping, chemical and laser engraving, tool finishing, and tool enhancements, says Standex Engraving president Flavio Maschera.

Tenibac-Graphion, which employs around 160 people, serves automotive, packaging, medical, and consumer products customers, and operates three facilities, including two in Michigan and one in China.

Tenibac-Graphion's management team will be continuing with the company. Terms of the transaction were not disclosed.

For more information, please visit standex.com and www.tenibac.com.

Sponsored Recommendations

Brain Computer Interface (BCI) electrode manufacturing

Jan. 31, 2025
Learn how an industry-leading Brain Computer Interface Electrode (BCI) manufacturer used precision laser micromachining to produce high-density neural microelectrode arrays.

Electro-Optic Sensor and System Performance Verification with Motion Systems

Jan. 31, 2025
To learn how to use motion control equipment for electro-optic sensor testing, click here to read our whitepaper!

How nanopositioning helped achieve fusion ignition

Jan. 31, 2025
In December 2022, the Lawrence Livermore National Laboratory's National Ignition Facility (NIF) achieved fusion ignition. Learn how Aerotech nanopositioning contributed to this...

Nanometer Scale Industrial Automation for Optical Device Manufacturing

Jan. 31, 2025
In optical device manufacturing, choosing automation technologies at the R&D level that are also suitable for production environments is critical to bringing new devices to market...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!