#United States #Automotive #Adkev #Winzeler Gear #Goodland, IN

Adkev Completes Acquisition of Winzeler Gear

In a significant move within the automotive manufacturing industry, Adkev, an established leader in injection molding, has announced its acquisition of Winzeler Gear, a renowned manufacturer based in Harwood Heights, Illinois. This strategic acquisition marks a new chapter for both companies, allowing them to better serve the needs of their clients while expanding their operational capabilities.

Founded in 1940, Winzeler Gear began its journey in Chicago, originally producing stamped metal gears. Over the decades, the company transitioned its focus to plastic gears, solidifying its reputation as a world-class manufacturer of precision injection molded gears primarily for the automotive sector. With more than 40 dedicated employees and a state-of-the-art manufacturing plant featuring 42 injection molding machines, Winzeler Gear has the capacity to produce over 150 million plastic gears annually.

The transaction comes at a pivotal time as Winzeler Gear’s president and CEO John Winzeler prepares for retirement after nearly 40 years of leadership. Under his stewardship, the company emerged as a prominent player in the specialized market of automotive gears, drawing recognition for their innovation and quality. Adkev, established in 1987 and led by Gary Rheude, primarily produces precision parts not only for automotive applications but also for industrial and appliance manufacturing, boasting a total fabrication area of approximately 600,000 square feet across multiple states.

This merger unites Adkev and Winzeler Gear, who cater to adjacent segments of the automotive industry. By merging their expertise and capabilities, both entities are poised to enhance their offerings in actuator systems, benefiting applications in seating, HVAC, steering, door handles, sunroofs, and mirrors. Furthermore, Adkev aims to explore similar growth opportunities outside the automotive sector, broadening its market reach.

As part of the acquisition agreement, all Winzeler employees will retain their positions, reassuring the team and clients alike of continuity. Importantly, Adkev has committed to maintaining operations at Winzeler's Harwood Heights plant for the long haul, ensuring that existing customers receive uninterrupted service and support.

The merger is not only a testament to Adkev's growth ambitions but also reflects the ongoing consolidation trends within the manufacturing industry, where specialized companies seek synergies to remain competitive. Financial advisors MBS Advisors of Florence, Massachusetts, represented Winzeler Gear in this pivotal transaction, emphasizing the strategic alignment of the brands and the shared vision of both companies in tooling and manufacturing excellence.

As the auto industry shifts towards more integrated solutions and technologies, Adkev and Winzeler Gear's partnership positions them advantageously in a rapidly evolving market landscape. Together, they are set to deliver advanced manufacturing solutions that cater to the ever-changing demands of the automotive sector while ensuring quality and innovation are at the forefront of their operational practices.

This strategic acquisition underscores the importance of collaboration in navigating the complexities of the manufacturing realm, and it highlights both companies’ commitment to providing superior products that meet the rigorous standards of the automotive industry. As Adkev continues to expand its footprint, the merger with Winzeler Gear promises exciting developments ahead for clients and stakeholders across the sector.