HBM Appoints Andy Fincher as President and Chief Operating Officer
We are pleased to announce that the HBM Board of Directors has approved the appointment of Anderson (“Andy”) Fincher as HBM’s President and Chief Operating Officer.
Andy will assume immediate oversight of HBM’s four portfolio companies; HBM CEO Mike DeCola continues to serve on the Board and will remain responsible for the company’s overall strategy, people and transaction activity during a transition period.
“In my nearly two decades leading Mississippi Lime I have witnessed remarkable transformation and consistent achievement of world-class performance. We advanced this legacy with the creation of HBM Holdings in 2011, and today the values that defined our success for well over a century now span four portfolio companies,” DeCola said. “Andy’s appointment is the culmination of a thoughtful and orderly process by the HBM Board to position the organization for future growth. I am delighted to welcome Andy and work alongside him, and I am confident he is the right person to lead HBM into the next decade and beyond.”
Schafer Industries, A Portfolio Company Of HBM Holdings, Announces HBM CEO Mike Decola Is Chairing The 100th Anniversary PGA Championship
SOUTH BEND, IND. (June 12, 2018) — Schafer Industries, headquartered in South Bend, Ind., proudly announces that the Chief Executive Officer (CEO) of HBM Holdings Mike DeCola is serving as general chairman of the 100th Anniversary PGA Championship, Aug. 9-12, at Bellerive Country Club, St. Louis, MO. HBM Holdings is a privately held investment and management company headquartered in St. Louis which includes Schafer in its diverse portfolio of companies.
Schafer Gear Works Expands Manufacturing Capacity With Five New Machines At South Bend, IND., Plant
South Bend, Ind. (Jan. 6, 2016) — A rapidly increasing demand for high quality, precision-ground spur and helical gears in North America has led Schafer Gear Works to increase its manufacturing capacity with five new machines at its plant in South Bend, Ind. “We are continually upgrading our technology for tighter quality control and faster product delivery,” said David Alley, Schafer Industries Sales and Marketing Manager. “Our continuous equipment improvement ensures that we meet the rigid ISO 9001:2008 and AGMA 13 standards our customers expect.”
Schafer Driveline Earns Yamaha’s Rigorous REVS Supplier Certification
FREDERICKTOWN, OH (April 2, 2018) — Schafer Driveline, LLC in Fredericktown, OH., recently was awarded the Yamaha REVS Supplier Certification. It is one of five of Yamaha Golf Car Company’s 130 suppliers to have achieved this recognition. To earn the award, Schafer Driveline had to complete a rigorous two-year audit to prove its excellence in lean manufacturing, continuous improvement, quality management systems and advanced product quality planning.
Schafer Industries Announces Driveline Division Manager
South Bend, Ind. (May 29, 2013) — Charles B. Tate has joined Schafer Industries as manager of the company’s Driveline Division.
The Driveline Division, whose assets were acquired last year from Dana Holding Corporation, has two production facilities in Ohio. The 120,000-square-foot assembly plant in Fredericktown produces axles for leisure, all-terrain and utility vehicles; transmissions and transaxles for ATVs; and related off-highway brake components and assemblies. The 30,000-square-foot facility in Blacklick produces aluminum gear housings, ductile iron differential cases and ductile iron brake components.
HBM Holdings Completes Platform Acquisition of Schafer Industries
ST. LOUIS, MO – (August 1, 2017) – HBM Holdings (“HBM”) announced today that it has acquired Schafer Industries (“Schafer”) of South Bend, Indiana. Schafer is a leading producer of high-precision, custom-engineered gears and machined parts for a wide range of applications, as well as transaxles, brake assemblies and other components for off-road vehicles. The acquisition of Schafer is a continuation of HBM’s long-term strategy to acquire and build market leading manufacturers of industrial products.
Schafer Industries Changes With The Times
Why Manufacturing Still Really Matters
By Kevin Allen South Bend Tribune SouthBendTribune.com Posted on Oct 26, 2014
Schafer Industries has grown steadily since Bipin Doshi, the company's president and CEO, bought it in 1988. SBT Photo/Santiago Flores
Christopher Whiteley Named Quality Assurance Manager at Schafer Driveline
FREDERICKTOWN, OHIO. (April 4, 2017) — Christopher Whiteley has been promoted to quality assurance manager at the Schafer Industries driveline facilities in Fredericktown and Blacklick, Ohio, announced General Manager Chuck Tate. In his role, Whiteley will oversee all plant quality functions and work with the manufacturing group to facilitate continuous improvements in manufacturing best practices, lean production and field repair techniques. Tate said Whiteley was selected to fill the position opened when former QA Manager Rosie Cestari retired March 31.
Paresh Shah Appointed Operations Manager of Schafer Gear Works In South Bend
South Bend, Ind. (March 6, 2015) — Bipin Doshi, president of Schafer Industries (http://www.schafergear.com), has announced the appointment of Paresh Shah as operations manager of the company’s Gear Unit, Schafer Gear Works, in South Bend.
Ryan Finfrock Named New Engineering Manager at Schafer Industries
SOUTH BEND, IND. (March 22, 2017) — Ryan Finfrock is the new engineering manager at the Schafer Industries South Bend facility. The announcement came today from the Operations Manager, Paresh Shah. In his role, Finfrock will oversee all engineering-related functions and collaborate with the manufacturing group on process improvements and project launches. Finfrock will also manage the estimating function and will provide technical expertise to customers as needed.
Schafer Gear Works Installs Ninth Gear Grinder To Meet Off-Highway Market's Rapidly Growing Demand For Precision-Ground Medium-Diameter Gears
South Bend, Ind. (April 6, 2015) — North America’s rapidly increasing demand for high quality, precision-ground gears compelled Schafer Gear Works to recently add a ninth gear grinder to its fleet. The newest grinder was installed at its medium-diameter gear plant in South Bend, Ind., bringing its total to six grinders and augmenting three others at its large-diameter gear plant in Rockford, Ill. The newest gear grinder conducts faster, more flexible hard-finish grinding on spur and helical gears (up to 160 mm). Its patented anti-flank twisting capability Helps Schafer produce produce its signature quieter gears.
Schafer Industries, Inc. Acquires Assets Of Custom Gear and Machine, Inc
South Bend, Ind. (July 11, 2016) — We are pleased to announce that effective July 1, 2016, Schafer Industries, Inc., through its wholly owned subsidiary, Schafer Gear Works Rockford, LLC, has acquired the assets and business of Custom Gear and Machine, Inc. of Roscoe, Ill. The acquisition was announced jointly by Bipin Doshi, president of Schafer Industries, and Stan Blenke, the company’s executive vice president.
The manufacturing facility includes a 50,000 square foot plant in Roscoe, Ill. producing gears and machined products for a variety of industries, including oil and gas, construction, mining, agricultural, power transmission and defense. Schafer owns and operates a similar facility in Rockford, Ill. The Rockford facility will be shut down by the end of August 2016 and all manufacturing and management functions will move under a single roof in Roscoe.
Schafer Gear Works Moves Capabilities to South Bend, IND.
SOUTH BEND, IND. — To meet Schafer Gear Works’ growing demand for high-precision commercial aviation shafts and gears, the company recently moved its Fort Wayne, Ind., operations to its larger production facility in South Bend, Ind. The transition was seamless and the plant now produces precision-critical shafts and small-diameter gears with tolerances to 0.0004” and microfinishes to 16 RMS.