MOBERLY, Mo.--(BUSINESS WIRE)--Essig, a leading provider of high-tech engineering, manufacturing and product lifecycle management (PLM) services and solutions, announced that it has acquired Performance Tool LLC, headquartered in Moberly, Missouri. Performance Tool is a best-in-class manufacturer of tools, dies, fixtures, and assorted industrial hardware.
As part of the acquisition, Essig Manufacturing LLC (Essig MFG) was established. Essig MFG adds manufacturing capabilities to Essig’s offerings, allowing it to provide “design-build” services, from initial design to production. This product lifecycle capability has long been sought after by Essig’s large industrial customers. Furthermore, connecting design with build will enable Essig to improve time of delivery, quality and cost of the end product.
Joe Daly, CEO of Essig noted, “Essig is uniquely positioned to better serve its large industrial clients as one of the few high-tech, design-build shops in its space. With Essig MFG, we plan on growing into a full-service, high-end manufacturing facility. We plan on carrying over our composite, additive manufacturing, and repair development engineering expertise to in-house manufacturing.”
Greg Carney, founder of Performance Tool and general manager of the newly-formed Essig MFG commented, “We are pleased to join Essig, an organization which shares our values centered on offering best-in-class solutions. I’m excited to see the growth opportunities created by Essig and the new services we will be able to offer to our customers while providing high-end manufacturing jobs to the Moberly community.”
Michael Bugalski, of the Moberly Area Economic Development Corporation commented, “For several years, Essig has been a strong partner as we continue to build quality jobs in the Moberly area. I thank Essig for their continued investment in Moberly and look forward to the future. These highly technical jobs will be great for our local economy and will provide new quality opportunities for our local workforce.”
Essig is a leading provider of high-tech engineering, manufacturing and product lifecycle management (PLM) services and solutions that support companies of various sizes and industries worldwide. With strategic locations and affiliates, Essig leverages its companies’ complementary capabilities and is committed to delivering value-driven, innovative solutions resulting in long-standing customer relationships. Essig companies include Essig Research, Essig PLM, and Essig MFG. Visit www.essig.com, www.essigplm.com or www.essigmfg.com.