Mogadore Ohio based US’s heavy carbon steel plate and forged specialty alloy steel processor BICO Steel, a portfolio company of Validor Capital, has acquired Integrity Fab and Machine , significantly expanding its steel processing and fabrication capabilities. Integrity Fab and Machine, based in Breckenridge MI, is an industry leader in the machining of custom dies sets, plates and parallels. IFABM was founded in 2007 by industry veterans Kirk Smith and Rollie Koutz, who were later joined by Trent Holland, with a vision of providing quality products to the tool and die market, developing a fabrication and weldments capability that serves multiple end-use segments, while providing quality employment to local residents. The combination will allow both BICO and IFABM to offer enhanced services and a one-stop shop to both their existing customer bases as well as new customers with specialized steel processing needs. The transaction closed on September 30, 2022. Terms of the transaction were not disclosed. Founded in 1896, BICO Steel is a highly-specialized processor of heavy carbon steel plate and forged specialty alloy steel used primarily in the production of quality-critical, high-performance products used in the molding, process equipment, stamping, and capital equipment industries. BICO’s customers serve a diverse group of end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas, amongst others.
Mogadore Ohio based US’s heavy carbon steel plate and forged specialty alloy steel processor BICO Steel, a portfolio company of Validor Capital, has acquired Integrity Fab and Machine , significantly expanding its steel processing and fabrication capabilities. Integrity Fab and Machine, based in Breckenridge MI, is an industry leader in the machining of custom dies sets, plates and parallels. IFABM was founded in 2007 by industry veterans Kirk Smith and Rollie Koutz, who were later joined by Trent Holland, with a vision of providing quality products to the tool and die market, developing a fabrication and weldments capability that serves multiple end-use segments, while providing quality employment to local residents. The combination will allow both BICO and IFABM to offer enhanced services and a one-stop shop to both their existing customer bases as well as new customers with specialized steel processing needs. The transaction closed on September 30, 2022. Terms of the transaction were not disclosed. Founded in 1896, BICO Steel is a highly-specialized processor of heavy carbon steel plate and forged specialty alloy steel used primarily in the production of quality-critical, high-performance products used in the molding, process equipment, stamping, and capital equipment industries. BICO’s customers serve a diverse group of end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas, amongst others.
