Monday, November 20, 2006

Brentwood's Orchid acquires manufacturing plant in Monterrey, Mexico

The Nashville Business Journal reports in this article that Brentwood-based Orchid International has acquired a die-cast manufacturing facility in Monterrey, Mexico.

"The facility was formerly owned and operated by Hawk Motors. Now named Orchid Monterrey, the plant will continue to make die cast electric motor components. The operation will be expanded later to include metal stamping processes for the electric motor industry as well as the automotive and consumer products industries, according to a release."

"The company is also in the design stage of a new general metal stamping and assembly plant in the Brownsville, Texas/Matamoros, Mexico region. The company plans to build multiple facilities throughout Mexico."

The following excerpts are from the company's press release:

Richard Quinlan, President of Orchid International states, “The addition of Orchid Monterrey is a significant step in the planned growth of our lamination stamping and die casting business. Coupled with our existing U.S.-based operations in Texas and Wisconsin, this acquisition will further enable Orchid to service our existing customers throughout North America, and better position us to capitalize on future growth in the electric motor and transformer markets.”

Lamination stamping involves processing special grades of steel into thin stampings that are utilized in the manufacture of electric motor and transformer components. Certain electric motor components are then die cast in aluminum before the motors are constructed and subsequently installed in various electric powered devices.

"Headquartered in Brentwood, Orchid operates six manufacturing facilities in the United States, Canada and Mexico."

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