Tramec Sloan, a division of Tramec LLC, on Dec. 31, 2021, acquired of Penz Products Inc., bringing together two established U.S. manufacturers in a deal meant to broaden and strengthen manufacturing capabilities. Penz Products is a diverse manufacturer, located in Mishawaka, Indiana, serving a variety of markets, principally commercial vehicles. It was founded in 1956 by Wally Penzenik and led today by his two sons, Richard and David Penzenik.
With Penz Products, Tramec Sloan expands its capabilities to include thermoforming, vacuum forming, urethane foaming, and more. This allows Tramec Sloan to expand offerings to the commercial vehicle marketplace and increases capacity for metal forming, assembly, robotic welding, and other key capabilities, according to the company.
“Penz Products is a perfect complement to our existing product lines, target markets, and manufacturing capabilities,” said Mark Holm, president of Tramec Sloan. “We will begin leveraging their strengths immediately to better serve our customer base in North America and beyond, and we’re very excited about the thermoforming and urethane foam applications for the commercial vehicle industry.”
Added David Penzenik, president of Penz Products Steel Division, “We are excited to join the Tramec Sloan team. Tramec Sloan is a very influential supplier to the commercial vehicle marketplace. We expect the collaboration of our teams to quickly produce opportunities for growth.”