As a result of the asset purchase agreement, which was finalized June 29, Chapin has formed a new subsidiary, Chapin Custom Molding Inc. The subsidiary will operate out of QBM's roughly 80,000-square-foot facility in Elyria, Ohio.
At Otto Engineering Inc., workers without a college degree are earning nearly 57 percent above the average salary of college graduates in 2017. But Tom Roeser is still facing an ongoing problem affecting nearly every corner of manufacturing: a lack of qualified workers to fill soon-to-be open positions as older workers retire.
Flexaust Co. Inc. is adding a 25,000-square-foot expansion that will connect two buildings at its plastic hose production complex in Warsaw, Ind., freeing up space for new manufacturing and providing a single spot for finished goods inventory.