MacLean-Fogg Component Solutions — a division of the MacLean-Fogg Company and supplier of fastener solutions, engineered solutions, and plastic solutions to automotive, heavy vehicle, military and other industrial markets — recently announced the acquisition of the assets of Formetrix, LLC.
The acquisition includes the substantial metal-powder intellectual property portfolio that will broaden the capabilities of MacLean-Fogg to service new and existing OEM, Tier 1 and 2 customers, as well as tool and die makers in automotive, EV, industrial, agriculture, heavy truck, and construction markets.
The new business entity will be known as MacLean Formetrix and will be based in the Detroit suburb of Macomb Township, Michigan. The unit will be led by GM Greg Rizzo. Harald Lemke, formerly of Formetix, has also joined MacLean Formetrix as director of Product Management.
“As a previous customer of Formetrix, we were able to implement technical cost breakthroughs with their material and process innovations that others in the additive manufacturing business claimed were impossible,” said Duncan MacLean, MacLean-Fogg president and CEO. “We couldn’t be more excited to continue to make their innovations available for our internal users, as well as serve other innovative manufacturers and toolmakers.”
These materials, combined with advanced 3D printing processes, allow for tool-and-die makers and manufacturers to realize cost, time, and weight savings, as well as tool-to-tool repeatability by replacing traditionally fabricated hard tools with durable printed steel tools and inserts.
The combination of Formetrix’s patented, high-performance steel alloys are designed to provide users with a combination of hardness, ductility, toughness, and 3D-printability combined with MacLean-Fogg’s strength and scope in manufacturing.
This will allow MacLean Formetrix to build on the initial market successes of the acquired materials and rapidly scale to support a variety of tooling applications in metal forming, die casting, injection molding, and others.
Additionally, with the multi-dimensional design and manufacturing freedom that 3D printing allows, tool designers can realize previously impossible coolant channels and shapes, increasing their value contribution to their customers.
“The initial response has been tremendous. We knew about our experiences but have been surprised to see in these initial weeks how many past customers for the Formetrix tool steel powder have immediately reached out with requests for material and new application inquiries,” added Rizzo.
Filed Under: Fastener industry news