January 26, 2016 ADDISON, IL: Diversified metal component manufacturer JD Norman Industries, Inc. has announced the acquisition of the assets of Henman Engineering & Machine, Inc. The acquisition includes two precision machining plants in Muncie and Winchester, Indiana. The acquisition was finalized Jan. 25. Terms of the transaction were not disclosed.
“The vision of JD Norman is to build an organization with world-class manufacturing, product leadership, geographic reach and customer diversification. The acquisition of Henman Engineering & Machine moves us closer to this vision,” said Justin D. Norman, president and chief executive officer, JD Norman Industries, Inc. “Henman’s product portfolio, plant locations and customers are key additions to our company and a strong strategic fit within our machined metals business unit.”
Henman manufactures precision machined components including coil housings, shift forks, sprockets, ball cams, pistons and shift cams. Henman’s customers include OEMs and Tier 1 automotive suppliers.
True North Strategic Advisors, LLC served as the exclusive strategic and financial advisor to Henman Engineering in this transaction.