INDIANAPOLIS (October 09, 2020) – Indianapolis-based IMH Products announced today it acquired Brownsburg-based Mainstay Manufacturing Solutions (formerly Fab2Order). IMH Products, contract manufacturer of steel and aluminum parts, with locations in Indianapolis and Illinois is moving Mainstay and its current employees to their Columbia Avenue, Indianapolis location [1929 Columbia Ave., Indianapolis, IN]. This move expands IMH’s offerings to add prototype and low-volume work for original equipment manufacturer (OEM) customers.
Mainstay Manufacturing was founded in 2000 and has become one of Central Indiana’s top manufacturer for low volume quick turn precision sheet metal and machined parts.
“As we see U.S. companies continue to invest in manufacturing in the U.S., we see an opportunity for growth in this market,” said Eric Odmark, President of IMH. “With this acquisition we are now able to offer our customers greater capacity and capabilities, and can serve as a one-stop-shop for low and high volume metal parts.”
Odmark, a former Commercial Banker, along with COO, Mark Seger, who worked in the software industry, and the GM of IMH, Joe Gillen, purchased IMH in 2016. They have since grown the company from 30 employees to now more than 130. They also expanded into Illinois and have a second Indianapolis location at Dr. Andrew J. Brown Avenue [2073 Dr. Andrew J. Brown Ave, Indianapolis, IN], expanding from 65,000 to 285,000 square feet of manufacturing space and also investing $10 million in new equipment over the past four years.
IMH offers fabrication, laser cutting, stamping, machining, welding, and prototypes to customers in industries such as agriculture, defense, material handling, LED lighting, trailers, RVs, food service, work trucks, and stormwater infrastructure.
“We are excited to continue to expand and invest in the Midwest and to attract skilled labor,” said Mark Seger, COO of IMH. “We feel manufacturing in this region will continue to be strong as businesses want to keep or move their supply chains local.”
“IMH’s diversified portfolio of customer’s and industries has performed well through the COVID related slow down. In the last few months we have seen a renewed interest in our customer’s ensuring their supply chain is healthy, and they have options to dual source key components.” Said Odmark.
IMH Products, founded in 1955, is actively looking to hire skilled labor positions with openings for at least 20 welders, 20 skilled machinists and a couple of engineers.
The combination of facilities and acquisition activities are expected to be complete by January 2021.