OMAX and Hypertherm successfully close merger agreement
OMAX Corporation, the manufacturer of abrasive waterjet systems, and Hypertherm, the US-based manufacturer of industrial cutting systems and software, has announced the successful closing of a previously announced agreement to establish OMAX as a wholly-owned subsidiary of Hypertherm.
The agreement, first announced on March 20, formally combines OMAX’s industry leading direct drive pumps, software and applications technologies with Hypertherm’s complementary portfolio of intensifier-based pumps and abrasive recycling systems to form the industry’s leading waterjet technology offering.
“As one of the world’s top waterjet manufacturers, we are excited to officially join forces with a company that shares our values and vision to deliver the industry’s broadest and most technologically advanced line-up of waterjet products,” says OMAX co-founder and CEO John Cheung. “The Hypertherm culture and business philosophy is remarkably similar and complementary to OMAX, and I have no doubt, the company I founded will keep a keen focus on the needs of our valued customers, as we have done for the past 25 years. The OMAX Corporation, and all it stands for, is in great hands with a very bright future ahead of it.”
“We are confident the combination of OMAX and Hypertherm will advance our strategy of delivering diverse, technology-driven cutting solutions focused on dramatic improvements in customer outcomes”, says Hypertherm president and CEO Evan Smith. “In uniting with OMAX, Hypertherm can combine the strengths of two highly talented engineering groups, OMAX engineers in Washington state with our waterjet group in Minnesota, to accelerate new waterjet technologies to market.
“We have great respect for OMAX and its products and look forward to working closely with the OMAX team to build upon its founding legacy.”
Based in Kent, Washington, OMAX Corporation is a global leader in advanced abrasive waterjet systems that cut virtually any material and thickness with unmatched speed and accuracy. Owner of the OMAX, MAXIEM, GlobalMAX, and ProtoMAX brands, the company provides a comprehensive selection of JetMachining Centers that feature intuitive software controls and incorporate the most efficient pump technology available. In developing its machines, the company designs, manufactures, assembles and tests components as a complete system to ensure optimum performance. The company also has the most comprehensive service and support network in the waterjet industry to keep its customers ahead of the manufacturing curve. Find out more at www.omax.com
Hypertherm designs and manufactures industrial cutting products for use in a variety of industries such as shipbuilding, manufacturing, and automotive repair. Its product line includes cutting systems, in addition to CNC motion and height controls, CAM nesting software, robotic software, and consumables. Hypertherm systems are trusted for performance and reliability that result in increased productivity and profitability for hundreds of thousands of businesses. The New Hampshire based company’s reputation for cutting innovation dates back 50 years to 1968, with Hypertherm’s invention of water injection plasma cutting. The 100 percent associate owned company, consistently named a best place to work, has more than 1,400 associates along with operations and partner representation worldwide. Learn more at www.hypertherm.com
Sales boost adds to cutting-edge Essex manufacturer’s 55th birthday celebrations
The UK’s only manufacturer of cutting systems is looking to build on a strong year of sales by starting its
55th year in business in style.
Blackman & White, which employs 28 people at its state-of-the-art factory in Essex, grew 10 percent in 2018 after a surge of orders from UK and overseas customers involved in the aerospace, automotive, graphics, marine and print sectors.
‘Orion’, an entry-level ‘low cost’ CNC flatbed cutting machine with quick and accurate low ply cutting/plotting system, was the star performer, outperforming other ranges in just seven months.
The company is now targeting greater production control, operational efficiencies and the opportunity to scale after it successfully commissioned a new Material Resource Planning system thanks to the support of the Manufacturing Growth Programme (MGP).
“Our cutting machines are easily identifiable for their robust and reliable build quality, which helps our clients quickly deliver a return on investment,” says Eiko White, finance and operations director at Blackman & White.
“Innovation is another core theme for the company and this has helped us introduce the automated ‘Genesis-V multi-tool Router, Laser and Knife’ range into the marketplace and this has given us a real boost in sales. Interest has come from large throughput signage through to composite manufacturers, who benefit from high percentage material efficiency, as well as high accuracy and speed.
“There are lots of opportunities for us to grow the business, both at home and abroad. However, to do this we needed to better understand our manufacturing operations and how we could put in place improved platforms and systems that would allow us to develop new products and scale-up quickly.
“This is when we turned to the Manufacturing Growth Programme to provide a strategic review of our company and then external assistance to target key areas of improvement that will deliver a host of tangible benefits.”
Sarah Goodwin, MGP Manufacturing Growth Manager, adds her support: “Blackman & White is a market leader in what it does, but every specialist sometimes needs a little help to take a holistic view of processes and material planning.
“This is exactly what we did, providing a clearly defined action plan that will eventually lead to the installation of a new MRP system that will give it real time data and a host of operational efficiency improvements.
“2019 is a massive year for the company and, with these foundations in place, we expect it to build on strong sales growth by securing new business in countries, such as Hungary, Romania, the Philippines and the US.”
The Manufacturing Growth Programme was set up to fill the void left by the Manufacturing Advice Service (MAS) by providing access to specialist assistance to help manufacturers grow and improve.
This is being achieved through a 19-strong network of experienced manufacturing growth managers (MGM), access to industry specialists and the opportunity to apply for an average improvement grant starting from £1000.
Support can be used for leadership and management, R&D, lean manufacturing, productivity and capacity, quality systems and supply chain development.
For more information on MGP, visit www.manufacturingrowthprogramme.co.uk or follow @mfggrowthp on twitter.