Middle Ground

News from multiple locations right down the spine of the U.S.

While worldwide conglomerates General Electric and Siemens made national headlines this week for undesirable reasons that are likely to have sprawling international ripple effects, a handful of examples of less-heralded companies made valuable additions or significant moves to locations in the heart of the United States. Eurotranciatura, Toyota, and McNaughton-McKay Electric Company, and AZZ aren’t small companies, either, and all three made their mark.

Take me back to Tennessee, Jed. The U.S. factory of Paris, Tennessee laminations manufacturer Eurotranciatura is following through on its word from last summer that there ain’t no place it’d rather be. About 40 new jobs will be added at the Volunteer state location when a planned 51,000-square-foot addition is added to the building’s rear. The Paris Municipal Regional Planning Commission got an early glimpse of the plans Thursday night, as formal site plans are still being finalized. The company produces and sells stator and rotor laminations for electrical motors and generators. Pat Reagan, senior manufacturing engineer for the company, told Bill McCutcheon of the Paris Post-Intelligencer that most of the new positions would be technical or skilled positions.

$80 million Toyota plant opens in Kentucky. Toyota Motor Corp. opened the doors at its new North American engineering headquarters in Georgetown, Kentucky on Monday, a culmination of more than $80 million and two years worth of construction. Toyota’s 235,000 square foot Production Engineering and Manufacturing Center will be the home base for more than 600 engineers and can house more than 800 employees in total, a press release said. “Our production engineers are at the top of their game and help shape the future of Toyota,” said Jim Lentz, chief executive officer of Toyota Motor North America. “They push the limits every day on what’s possible in manufacturing to produce ever-better vehicles. And their hard work and commitment to quality shows in the products we build in our 14 plants across North America.”

Electrical distributors from Michigan and Texas merge. In what is roughly a merger of equals among large regional electrical distributors, McNaughton-McKay Electric Co., of Madison Heights, Mich., has agreed to acquire The Reynolds Company (Fort Worth, TX) subject to regulatory approval and final definitive agreements. The combined company will be a multi-regional electrical distributor with more than 1,300 employees serving customers from 41 locations in the Midwest, Southeast and South Central areas of the United States, and will rank among the ten largest electrical distributors in the country. Each company will retain its leadership structure and existing name; the organizations will operate as two separate companies owned by McNaughton-McKay, the companies said in a joint press release. In business for more than 107 years, McNaughton-McKay is a 100-percent employee-owned electrical distributor focused on automotive, industrial and construction markets. While the company began in Michigan, it has grown over the years to service customers in Ohio, North Carolina, South Carolina and Georgia. In addition, McNaughton-McKay owns and operates a wholly owned subsidiary, S&D GmbH, selling electrical products and solutions in Germany. “I have long admired The Reynolds Company’s pursuit of excellence and commitment to its customers’ success,” said Don Slominski, Jr., president and CEO of McNaughton-McKay. “Through the years I have watched Walt Reynolds and Donald Reynolds – and their father, Don, before them – lead in a way that mirrors our company’s own commitment and dedication to the people we work with and the people we serve. It is with much excitement that we welcome The Reynolds Company into our employee-owned family, knowing that together we can do even more to serve our customers.” The Reynolds Company, founded by Don Reynolds Sr., has operated in Texas since its founding in 1984. Primarily focused on support of the industrial end-user, industrial OEM, and commercial construction markets, the company currently has more than 450 employees and 18 locations in Texas and Louisiana. “Our organization has known and collaborated with McNaughton-McKay for many years,” said Walt Reynolds, president and CEO of The Reynolds Company. “In many ways, our approach to business and customer service is already similar – as is our unwavering support of our employees. Our management team looks forward to working with McNaughton-McKay, and each new colleague, to service our industry faster and better. The future is bright for all of us.” The transaction between McNaughton-McKay and The Reynolds Company is expected to be completed before the end of 2017.

Fort Worth’s AZZ acquires Powergrid Solutions. AZZ, Inc., the Fort Worth, Texas-based metal coating and electricity company, has announced the acquisition of Powergrid Solutions, Inc., a privately held manufacturing company based in Oshkosh, Wisconsin. PSI, originally Shallbetter, Inc., designs, engineers and manufactures customized low and medium-voltage power quality, power generation and distribution equipment. The company’s product portfolio includes metal-enclosed, metal-clad and padmount switchgear, serving the utility, commercial, industrial and renewable energy markets since 1982. PSI products range from simple pad-mounted equipment, to 35kV metal-clad switchgear reaching 100′ in length. Ken Lavelle, President and General Manager of AZZ Electrical Systems, commented “The acquisition of PSI is a key addition to our electrical switchgear portfolio. The addition of PSI’s low-voltage and padmount switchgear allows AZZ to offer a comprehensive portfolio of customized switchgear solutions to both existing and new customers in a diverse set of industries.”

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