The acquisition expands Threadlock’s U.S. aerospace and defense precision manufacturing network.
FRANKENMUTH, Mich.—Threadlock Precision, a U.S.-based precision manufacturing network, announced in a release that it acquired Kremin Inc., a Michigan-based CNC machining business that has served aerospace, defense, and medical markets for more than 40 years.
Since its founding in 1983, Kremin has grown from a manufacturer of fixture and gage assemblies into a technologically advanced prototyping, production, and assembly shop. Under the ownership of President Mike Grossi since 2010, Kremin operates a sophisticated Swiss machining segment alongside robust milling and turning departments, with continuous investment in next-generation equipment, the release stated.
“Kremin exemplifies the type of customer-focused, technically capable manufacturer we look to support,” said Todd McDonald, CEO of Threadlock Precision, in a statement. “Their strength in custom, tight-tolerance work and reputation for taking on complex challenges make them an ideal partner. We’re excited to invest in their team, expand their capabilities, and help accelerate them into their next chapter of growth.”
The acquisition of Kremin is said to mark another important step in Threadlock Precision’s mission of “building the preferred precision manufacturing network serving aerospace and defense.” Kremin’s specialized Swiss machining capabilities further strengthen the network’s ability to support the breadth of customer programs, according to Threadlock.
“Joining Threadlock Precision represents a major milestone for Kremin and our customers,” said Mike Grossi, president of Kremin Inc., in the release. “Our business has been built on solving difficult problems, delivering custom solutions, and exceeding expectations. Threadlock’s dedication to investing in people, technology, and advanced manufacturing capabilities will allow us to continue raising the bar for the value we deliver to our customers.”
Threadlock Precision, backed by the D.E. Shaw group, is a growing network of U.S.-based precision manufacturing companies. Its leadership team is said to combine operational know-how with investment expertise to provide network companies with the tools to modernize, scale, and strengthen their positions in aerospace, defense, and industrial markets.
Kremin Inc., a precision CNC manufacturing company based in Frankenmuth, Michigan, operates a quality management system certified to the AS9100D aerospace standard. The company specializes in tight-tolerance, high-volume Swiss machining, milling of complex aerospace components, and electrical assemblies for the dimensional stone industry.