ARCH Precision Components Corp. of Tempe, Arizona, has purchased Cedar City’s Metalcraft Technologies Inc. Terms of the transaction were not disclosed.
Founded more than 30 years ago, Metalcraft manufactures aircraft components and structural assemblies for the military, commercial and private aircraft sectors. The company specializes in sheet metal fabrication, machining and chemical processing for the aerospace and defense industries.
Working from two facilities in the Cedar City area, Metalcraft will join ARCH Precision Components as ARCH-Cedar City. “The acquisition ensures ARCH Precision Components remains an industry-leading supplier known for growth and scale in the aerospace and defense market,” the company said in announcing the acquisition.
ARCH manufactures precision components and assemblies for a range of applications. It has multiple facilities located across the country serving aerospace, defense, semiconductor and evolving high-tech industries.
Corey Judd, president at Metalcraft, said his team is excited to have found a partner in ARCH that supports the organization’s vision and values. “ARCH Precision Components is a solid fit for MTI. We complement each other’s strengths in ways that will improve the organization as a whole. I am very appreciative of David Grant and the other legacy owners for the great company they have built over the years. It was important to find someone who could honor that legacy and carry us forward into a new phase of growth and development. We feel ARCH really understands us and our business, and right from the beginning we felt a sense of trust and alignment. That is important in a partnership.”
“ARCH-Cedar City will be our 10th center of excellence,” said Andy Spiering, CEO of ARCH. “MTI’s capabilities complement and expand the ARCH platform, offering precision sheet-metal fabrication, additional machining capacity, advanced assembly and in-house surface treatments. Both MTI and ARCH customers will benefit from our combined capabilities as we continue to align and grow with our customers’ strategic focus within the critical industries we serve.”