FRUITPORT, Mich. — P&THE Manufacturing, LLC, a MBE holding company that provides high performing manufacturing solutions through business acquisitions and joint ventures, announced the purchase of the assets (property, equipment, real estate) of Turbo Components, Inc., an aluminum foundry and machine shop with locations in Fruitport and Spring Lake, Mich.
This strategic move will both expand P&THE’s presence and reinforce its commitment to innovation and inclusivity within the aluminum foundry industry. The new subsidiary will be named TCI Aluminum.
With this acquisition of assets, P&THE solidifies its position as a champion of minority ownership and representation.
“We are beyond excited to announce the acquisition of the assets of Turbo Components, Inc.” said Pancho Hall, CEO of P&THE Manufacturing, LLC. “This marks a significant step for us as we expand our capabilities, enhance our offerings, and bring together the strengths of P&THE and adding the assets and resources of the former Turbo Components, Inc. to better serve our customers and the industry as a whole.”
As a minority-owned business, P&THE Manufacturing, LLC has consistently demonstrated a dedication to fostering diversity, equity, and inclusion. This acquisition serves as a testament to the company’s commitment to providing opportunities, driving innovation, and making a lasting impact on the foundry landscape.
The integration of the assets of Turbo Components, Inc. into the P&THE family is expected to result in:
- Enhanced Product Portfolio: The combined expertise will bring a wider range of high-quality products and services to satisfy the diverse needs of customers.
- Innovation Synergy: The collaboration of talents and resources will foster innovation, allowing for the development of groundbreaking solutions that address industry challenges.
- Expanded Market Reach: The acquisition will enable TCI Aluminum to extend its reach to new markets and regions, strengthening its global presence.
P&THE officials said the company is “excited to welcome former employees, customers and partners into its fold.” The goal of the company is to increase the workforce to over 100 employees over the next 18 months.
“The expansion and revitalization of the Fruitport and Spring Lake locations will bring 100 plus jobs and the newest aluminum casting technology to keep this region growing and competitive in the global marketplace with talent from Michigan,” Hall said.
