The owners of Hydromat-RE and Component Bar Products have signed an agreement to combine their respective Hydromat machine rebuild businesses into one entity. Going forward this new venture will be known as Hydromat-RE.
"The merger of these two companies results in an expanded base of knowledge, a larger stock of new and refurbished parts and machines, as well as multiple locations to better serve customers' needs," said a spokesperson. Hydromat Inc. and Hydromat-RE are now uniquely positioned to support all aspects of the Hydromat machine life cycle, from new technology with the EPIC and Eclipse brands, to any and all refurbishment, retool or rebuild of all legacy and early CNC variants. Hydromat Inc. now offers both the new EPIC II platform, and EPIC HF platform featuring FANUC controls. Hydromat-RE will add EPIC CNC controlled units to Legacy machines.
This new, larger company will specialize in the refurbishing, re-tooling and selling of Legacy type Hydromat rotary transfer machines. "This merger will make Hydromat-RE stronger and more innovative than ever and better able to meet the requirements of our Legacy machine customers," commented Bruno Schmitter, CEO and COO of Hydromat Inc. "We are excited about this partnership." Going forward, both Hydromat-RE and Component Bar Products will contribute intellectual property, R&D assets, engineering capabilities, machine and parts stock and other resources to the merger creating the potential for expanded growth.
"Hydromat-RE should be a very strong enterprise moving forward. Both Hydromat RE and Component Bar Products have reputations for investing in modern technologies and building great machines. As one entity, it is guaranteed to have a very bright future in the area of Legacy style Hydromat machine services," said Matthias Walter, President, Hydromat Inc.
Hydromat-RE will continue to provide everything from used or reconditioned parts, all equipment needed for a customer's re-tool project, and full rebuild turn-key machines for specific projects. Brokering of used machine sales will also be a service Hydromat-RE staff members will offer. "With a huge amount of the on-hand parts stock combined with this talent pool at new Hydromat-RE, we will give our customers a shorter lead time on both machine rebuilds, service and part deliveries," said Darrel Keesling, Owner, Component Bar Products.
Mark Fordyce, Vice President, Hydromat-RE, who has 38 years of Hydromat engineering and remanufacturing experience, will lead the newly organized Hydromat-RE team from the O'Fallon, MO, facility. Fordyce served six years in precision parts manufacturing on Hydromat machines, then 18 years with Hydromat Inc. and the past 13 years with Component Bar Products.
"Hydromat-RE will be the only Hydromat Legacy rebuilder in the marketplace with direct access to Hydromat OEM parts and technical support from the team based in St. Louis," said the spokesperson. Willie Eichele, a member of the ownership team of Hydromat-RE, said, "Our goal is to assist our customers in reaching their production goals with cost-effective solutions that adhere to the same level of quality and precision associated with the Hydromat Legacy brand."
Component Bar Products is an ISO 9001:2015 certified contract manufacturer of precision machined parts for the automotive, defense, electrical, fluid power and other industries.
For more information contact:
Hydromat-RE
3858 Corporate Centre Dr.
O'Fallon, MO 63368
330-564-8860
www.hydromat-re.com
Component Bar Products Inc
3858 Corporate Centre Dr.
O'Fallon, MO 63368
636-939-5956
www.compbar.com