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Succession Planning
Methods Machine Tools Set to Acquire Koch Machine Tool
Methods notes that after finalizing the agreement, machine shops throughout Texas will be able to use its applications and automation teams to solve complex machining challenges.
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RobbJack Corporation Names New President
Over his 26 years at RobbJack, Michael MacArthur has developed a reputation for building relationships and providing innovative solutions to meet customer challenges.
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Cenit Elects New CEO as Former Leader Resigns
Peter Schneck will assume the role of CEO on January 1, 2022. Kurt Bengel, the outgoing CEO, will resign his position on December 31, 2021 and leave the company after more than 33 years with Cenit.
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Modern Machine Shop and ProShop ERP Announce New Conference
The Machine Shop Ownership Change Conference focuses on setting up shops to succeed during transition. The digital event provides shop owners information to improve their company value, reduce the risk of their business transition and increase their chance of success.
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Two Generations of Lessons from the Shop Floor
There are many hard-won lessons that come from running a family-owned shop, here are a few favorites.
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Video: Succession Planning, Stewardship and Generation Change in Machine Shops
Leaders of Indiana Precision Grinding describe lessons learned related to succession planning and how the upcoming generation found its commitment to the business.
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Setting up Your Machine Shop for Succession Success
Here are ways the husband and wife owners of a machine shop in Fridley, Minnesota, are preparing for their son and daughter to take the reins.
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