HL Precision Manufacturing, LLC (HL) with facilities in Champaign and Fisher, Illinois, and Hi-Grade Welding & Mfg, LLC (Hi-Grade) based in Schaumburg, Illinois, today announced their combination by way of the creation of a common parent company to be known as H3 Manufacturing Group, LLC.
Both HL and Hi-Grade will continue to operate individually while seeking ways to work together collaboratively to provide broader manufacturing solutions to each company’s customer base.
The combination of HL and Hi-Grade will provide both companies the opportunity to leverage their respective capabilities across the industries they serve. HL’s precision CNC machining, assembly and paint and powder coating capabilities complement Hi-Grade’s laser cutting, fabrication and complex welding.
There is effectively no overlap in customers between the two companies. The companies combined will serve a broad range of industries, including aerospace/defense, medical devices, power transmission, automated retail, life sciences and public transportation. While both companies bring strong, tenured management teams, the most important aspect each company brings is a shared culture of operational excellence and relational integrity with their customers, employees and suppliers.
“As consolidation continues to occur in the industry and discerning customers desire fewer suppliers providing more solutions, HL and Hi-Grade have proactively taken the strategic decision to join forces to better position both companies to successfully meet these demands,” H3 President & CEO Steve Hillard said. “By combining the complementary capabilities of HL and Hi-Grade, we will create a substantially broad range of in-house solutions. Together we will seek to further enhance both companies’ culture of solutions-first support of our diverse customers and opportunities for our employees.”
“HL has been in business for nearly 40 years while Hi-Grade is this year celebrating its 50th year. We are both excited and confident these companies joining forces will pave the way for many more successful years ahead,” Hi-Grade Vice President and General Manager Jon Frejd said.
For more information about HL or Hi-Grade and their broad range of capabilities, please contact HL at (217) 398-6881, HL Precision & Hi-Grade Welding partner to form H3 Manufacturing Groupmarketing@hlprecisionmfg.com, or Hi-Grade at (847) 640-8172, firstname.lastname@example.org and visit their websites at www.hlprecisionmfg.com and www.higradeinc.com.