As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector.
Recognition: DENSO Manufacturing Michigan, Inc. (DMMI) in Battle Creek has been recognized as a Gold-Level Veteran-Friendly Employer by the Michigan Veterans Affairs Agency (MVAA), the highest distinction for veteran support in the workplace. This honor highlights DMMI’s commitment to veteran initiatives such as benefit packages, differential pay, and specialized onboarding and retention programs. In a recent quote, Jack Carlsen, a senior maintenance technician team leader at DMMI, said, “We appreciate the MVAA for their work and this honor, which is a testament to all our team does to support our people, including veterans. The recognition reenergizes us as we continue to try to raise the bar in how we attract, retain and support those from the service member community.”
Acquisition: Fictiv, a global supply chain technology company, has announced an agreement to be acquired by MISUMI Group Inc., a Japan-based supplier of mechanical components, in an all-cash transaction valued at $350 million, subject to closing adjustments. The acquisition aims to accelerate the development of AI-driven manufacturing and supply chain solutions by combining Fictiv’s digital tools with MISUMI’s physical infrastructure. In a recent quote, Dave Evans, Co-Founder & CEO, Fictiv, said, “Fictiv and MISUMI share a joint vision to make access to world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized. Giving more teams the tools to take their ideas from concept to reality will unlock innovation to fuel the advancements we want to see in the world.”…