Fathom Manufacturing has announced the acquisition of Summit Tooling and Summit Plastics, a precision tooling and injection molding services provider specializing in small-to-medium prototype injection molds for the domestic market. This acquisition will greatly expand Fathom's domestic injection molding capabilities.
"Summit's focus on customers during the design, prototyping and low-volume production stages of a product's life cycle perfectly aligns with Fathom's unique customer value proposition," said Ryan Martin, CEO, Fathom. "We are excited to work with the Summit team to explore opportunities to even better serve its customers through Fathom's comprehensive digital manufacturing platform while also providing Fathom's existing customer base with expanded domestic quick-turn precision tooling and molding capabilities."
"The recent 'Made-in-America' executive order will continue to drive demand for domestic manufacturing," said Rich Stump, Chief Commercial Officer, Fathom. "Since the pandemic began, reliance on offshore suppliers and manufacturers has led to significant supply chain disruptions. Domestic manufacturing decreases transportation costs and time, and with improvements in technology and automation, quick-turn domestic manufacturing will allow our customers to bring competitively priced products onto the market faster."
"Since my wife, Michelle, and I founded Summit 25 years ago, we have been committed to providing outstanding quality and customer service to build the business into a leader in the design, engineering and construction of molds and precision components," said Dan Martin, President, Summit. "We have now reached an inflection point in our growth trajectory, and we believe Fathom is the perfect fit in terms of both culture and customer value proposition to help take Summit to the next level."
Fathom's in-depth expertise begins with a technology agnostic approach backed by a national footprint where the company utilizes:
- 14 different manufacturing processes
- 6 additive technologies
- 90+ industrial grade additive systems
- 155+ mills, lathes, presses and 3D printers
- CNC machining
- Urethane casting
- Injection molding
- Finishing and assembly.
"Working with Fathom provides comprehensive access to relevant equipment and expertise in digital manufacturing, engineering and prototyping," said a spokesperson. "With the Summit acquisition, Fathom is poised to lead the digital manufacturing revolution and answer on-shore demand with expanded domestic injection molding capabilities."
For more information contact:
Summit Tooling, Inc.
1207 Adams Drive
McHenry, IL 60051
815-385-7500
www.summittooling.com
Fathom Manufacturing
1050 Walnut Ridge Dr.
Hartland, WI 53029
877-FATHOM-8
www.fathommfg.com