Million-Dollar Acquisition Strategy to Expand SIMPAC's North American Service Division //
Monday, 24 August 2020
Troy, MI (August 24, 2020) – SIMPAC America, North American subsidiary of South Korea’s SIMPAC Inc., responds to massive layoffs and furloughs post-COVID-19 by investing over $1M USD towards job opportunities in the United States.
With a headcount of 10 employees across North America, and current projects valued at over $30M USD, SIMPAC America plans to hire 15 employees over the next few years – starting with its new Service Division.
“At SIMPAC, we firmly believe that relationships between the press manufacturer and metal former must go beyond the buy-off. This expansion has been in our pipeline for a little over a year now, and we are proud to officially announce our new Service Division,” states Stephan Robertson, General Manager/VP of Sales & Operations at SIMPAC America. “If anything, COVID-19 has made us stronger as a team, and we have been working tirelessly to reassure the market that we stand by our mission of being accessible while also providing a desirable price | performance ratio.”
Download the full press release below, or read MetalForming Magazine’s full article here, for more details about SIMPAC’s expanding team and new Service Division. 

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