Eidemiller Precision Machining of Milford, MI Acquired by Kyowa Industrial Co., Ltd. of Takasaki Japan!

Calder Capital, LLC, is excited to announce the acquisition of Eidemiller Precision Machining of Milford, Michigan by Kyowa Industrial, Co., Ltd., of Takasaki, Japan.

Established in 1946, Kyowa Industrial is a precision manufacturer of complex prototype components and low volume production runs. The company is known for its exceptionally high-quality production of complex prototypes, dramatically fast and flexible delivery to meet tight schedules, ultra-thin walled components for maximum weight reduction, and start-to-finish service with complete confidentiality. Headquartered in Takasaki, Japan, Kyowa Industrial is eager to develop their presence in the United States and other overseas markets. The acquisition of Eidemiller Precision Machining allows Kyowa Industrial to expand to the automotive and manufacturing industries of the Midwest United States.

“I feel confident that Eidemiller will be an excellent asset to Kyowa,” commented Atsushi Tanimoto, Kyowa’s North American President. “We’ve been in the market for such a company in this area for a long time, and I don’t think we could’ve found a better fit.”

Eidemiller Precision Machining was founded in 1976, and in recent years it has been owned and operated solely by Marty Eidemiller. Over its five and a half decades, Eidemiller Precision Machining has grown from a small one-lathe operation with a single customer to a national supplier of precision parts in a wide variety of materials. Marty engaged with Calder Capital in the fall of 2020 to find the right buyer for Eidemiller Precision Machining so that he could transition into retirement with his wife, Devany.

Eidemiller Precision Machining also provides Kyowa Industrial the strategic advantage of having skilled people and machines to work on small, intricate, and precise projects with low to medium-sized runs.

“Calder Capital came through as advertised and even more than we could have ever imagined,” remarked Marty about the acquisition. “We had multiple suitors throughout the process, and Calder and Garrett Monroe found a perfect fit that will take our business to the next level. We were unsure of what to expect and what was about to unfold, but with Calder’s experience and expertise, they skillfully walked us through the process with a great outcome. Garrett’s balance of professionalism and hand-holding kept us focused during the complicated negotiations. We would recommend Calder to anyone considering selling their business.”

Garrett Monroe, Mergers and Acquisitions Advisor at Calder Capital, worked alongside Marty and Devany as the main sell-side advisor to Eidemiller Precision Machining. 

“This was an interesting deal to be a part of because it was Kyowa Industrial’s first acquisition and they are located in Japan, so communication was absolutely critical to the transaction,” said Garrett. “We also had to be flexible around everyone’s schedule. Kyowa Industrial valued the Eidemiller Precision Machining facility as a strategic location to be geographically close to the automotive hub of Midwest United States because a lot of their business comes from the automotive industry. Eidemiller Precision Machining also provided Kyowa Industrial the strategic advantage of having skilled people and machines to work on small, intricate, and precise projects with low to medium-sized runs. This sale process had its fair share of ups and downs, but I am excited that Kyowa Industrial now has a backbone in Michigan to help grow its Midwest United States presence. Marty, Devany, and I feel confident that the Eidemiller Precision Machining employees will be given many opportunities to grow now that Kyowa Industrial is in the driver’s seat. It was a win-win transaction for both parties!”

Calder Capital, LLC, served as the exclusive Mergers and Acquisitions advisor to Eidemiller Precision Machining.

About Kyowa Industrial Co., Ltd.

Kyowa Industrial was established in 1946 as a trading company that specialized in selling precision mechanical components. The company grew rapidly along with the Japanese economy. From 1972 to 1987, Kyowa Industrial operated as a dedicated manufacturer of special machine tools. Today, Kyowa Industrial is a full-service manufacturer of lightweight precision machined aluminum castings, helping their customers build exceptional products. 

About Eidemiller Precision Machining

Founded in 1976, Eidemiller Precision Machining is a global supplier of quality precision machined parts. The company’s diverse equipment capabilities and experienced staff enable them to be a first choice for small to mid-sized machined components, competitively priced. The company is a Tier II and Tier III supplier mainly to the automotive industry. Eidemiller Precision Machining provides full service from prototypes and testing to full production runs.

 

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