Bracalente Manufacturing Group has announced the purchase of Millennium Manufacturing Inc. The acquisition of Millennium helps bolster the group's already robust specialized CNC milling, turning, multispindle manufacturing capabilities and complements its highly skilled workforce as it expands footprint in aerospace, EV, electromechanical automation and tactical markets.
Bracalente Manufacturing Group is a privately-owned third-generation manufacturing company that has grown significantly over the past few years, increasing capacity and sales by more than 50%. The Millennium deal is an extension of that growth, and ensures that the increased customer demand is backed by the rigorous quality standards in specialty component manufacturing.
"The acquisition of Millennium Manufacturing is part of our growth plan. We are excited to bring the unique capabilities of the Millennium team to our group," said Ron Bracalente, CEO and President of Bracalente Manufacturing Group. "We have increased our capacity to meet the demand of our customers. This deal strengthens our U.S. presence with additional talent that specializes in our unique manufacturing offerings. It is a win for us."
The undisclosed financial deal is part of the Bracalente expansion initiative, with the addition of several multimillion-dollar automated machining cells, an expanded sales team and a culture of continuous learning and cross-training for the more than 130 employees stateside.
Started in 1950 as a simple screw machine shop in the family's garage, today Bracalente is a global manufacturer producing specialty components for some of the largest global brands.
Bracalente serves its customers utilizing several resources: a global supply chain with sourcing offices in India, Vietnam and China, as well as an expanded, climate-controlled WOFE factory in China. These resources, coupled with its headquarters and newly acquired factory outside of Philadelphia, PA, places the company in an ideal position to grow with existing customers and develop new relationships. All its facilities are ISO 9001 certified, including AS9100D in the U.S. and IATF16949 in China. The U.S. facility holds an ITAR registration and works with national defense, tactical and aerospace customers and suppliers.
Dave Fricke, owner of Millennium Manufacturing, said, "The Bracalente name is synonymous with quality in our industry. Ron has continually invested in his people, equipment and the trade. Deciding to be part of that legacy for our team allows them the opportunity to thrive."
Bracalente is committed to not only grow its manufacturing footprint, but also expand its impact through purpose-driven partnerships and opportunities in the Lehigh Valley. "Manufacturing represents 18% of the Lehigh Valley's economic output, a larger percentage of GDP than the U.S. economy (12%). Bracalente has committed monies, resources and time to attract, teach and hire new manufacturing talent," said a spokesperson.
Dave Borish, Bracalente VP of Operations, said, "Over the last decade, we have donated more than $250k to our local trade schools through our foundation, the Silvene Bracalente Memorial Foundation. We partner with the schools to help improve the image of manufacturing, attract new talent and work with our trade organizations and other manufacturers to ensure the pipeline of students coming into our trade is continuous."
For more information contact:
Bracalente Manufacturing Group
20 W Creamery Road
Trumbauersville, PA 18970
215-536-3077
sales@bracalente.com
www.bracalente.com
Millennium Manufacturing, Inc.
130 Penn am Dr., Unit 4
Quakertown, PA 18951
215-536-3006
www.millenniummanufacturing.com