Custom mold component maker Hommer Tool & Manufacturing Inc. is getting back to its roots, with the purchase of the business book of Neuwer Tool Corp. of Wheeling, Ill.
Hommer President Jim Hommer worked at Neuwer 30 years ago and left the company to form Hommer Tool.
``We welcome the opportunity to serve Neuwer's customers. We look forward to exploring our roots and to re-establishing some of our past competitive advantages,'' said J.R. Hommer, vice president and son of Jim Hommer, in a news release.
He said Hommer Tool will now process all pending and new orders of Neuwer Tool at Hommer Tool's 24,000-square-foot facility in Arlington Heights, Ill. The deal was for an undisclosed price and closed in early June.
``We started interviewing the Neuwer employees back in December and made offers of employment to several of the employees,'' said J.R. Hommer in an e-mail response to questions.
He said Hommer Tool looked at the asset purchase as a strategy for growth and diversification. It marks the company's second purchase in the last decade - it bought the assets of Romar Mold Inc. in 2004. Hommer then doubled the size of its plant in 2006.
Hommer said it does have adequate capacity to handle the new work brought in with the Neuwer deal. He said the two companies had been competitors, but it was ``always fair and cordial competition.''
``We view this as not just the opportunity to try and service some of Neuwer's long-standing loyal customers to the level that they have come to expect after all these years, but an opportunity to offer those customers the added services we have brought to the market such as mold-ready components, reverse-engineering, laser-welding repair services, [electric discharge machinery], polishing and laser engraving,'' he said.
Hommer manufactures custom components for plastic injection molders. It supplies molders and mold makers serving the medical, consumer packaging, automotive, pharmaceutical, dental and industrial markets.
The assets of Neuwer have been listed for auction with Premier Asset Recovery Group LLC of Prospect Heights, Ill. Premier said on its Web site that the company's assets will be auctioned on June 25.
Neuwer was formed in 1973 by Joe Wersching. He was unavailable for comment.