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. For media inquiries, please contact jaime@simpac.com.