The Velocity Group Acquires Fehrman Tool & Die, Inc.

April 25, 2016

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MASON, Ohio–(BUSINESS WIRE)–The Velocity Group, a full-service design, engineering and manufacturing organization specializing in accelerated onshore services, announces that they have acquired Fehrman Tool & Die, Inc., a Byesville, OH-based manufacturer with almost 40 years of diversified tooling expertise.

Specializing in design and manufacturing of plastic injection molds, pre-production molds, plastic trim dies, die cast dies, as well as various custom machining jobs, Fehrman Tool & Die is known for its extensive experience and skilled expertise at jobs that are difficult to design and build.

“We are very excited to add a manufacturing company with such a long history of providing quality die and mold design, repair and servicing to our portfolio,” said Andrew Stelmack, General Manager of the Velocity Group. “The addition of Fehrman Tool and Die provides expanded capacity and support to both organizations’ customers needing rapid, high-quality domestic tooling services. Furthermore, Fehrman customers gain access to Velocity Group’s complete set of design, development, and manufacturing services along with the financial stability of a large manufacturing operation.”

The acquisition of Fehrman Die & Mold is part of the Velocity Group’s commitment to providing medical, industrial, transportation, and other markets with domestic skilled labor and advanced manufacturing technologies that can bring concepts to market fast. We believe that innovation can be accelerated by leveraging best-in-class onshore design, development and production resources to reduce both the time and cost of offshore development approaches.

“We have expanded our strategy in response to customers seeking a partner with a complete set of ISO certified design, development and manufacturing services under one roof,” said Kent Savage, CEO of the Velocity Group. “We provide single-source accountability and accelerated speed to profit through dedicated program management, 100% domestic operations and a broad portfolio of capabilities to a diverse customer set including entrepreneurs, middle market companies seeking expansion, and advanced R&D centers at leading OEMs. We are assembling a world-class portfolio of design and manufacturing organizations that put customer focus at the heart of everything we do.”

ABOUT THE VELOCITY GROUP

The Velocity Group supports the full product development cycle from concept to production. We help our clients accelerate time from idea to profit by providing single-source accountability for and management of the entire range of recourses needed to bring concepts to profitable, market-ready products, to scale up for manufacturing and to produce and sustain them efficiently and cost-effectively here in the United States. We are at the leading edge of onshore new product development and rapid time-to-market services for a diverse customer set. We seek out challenging opportunities and are working in innovative markets with cutting-edge technologies that are introducing new, disruptive solutions every day.

To learn more about the Velocity Group or about the services the company offers, please visit velocityfast.com.

Category: Oil & Gas