Project Description
Betty Machine, Inc.
IOP Fund II
| Acquisition Date: |
July 2013 |
| Status: |
Current |
| Notes: |
Merged into GT Technologies |
| Headquarters: |
Hendersonville, TN |
| Add-on Acquisitions: |
No
|
DESCRIPTION
Precision machining manufacturer of close-tolerance parts primarily for automotive applications. Merged into GT Technologies.
OPERATING THESIS
Provide leadership to existing management team
Create fundamental improvement in operating performance:
- Expand the operations team to drive sales growth and operational improvement
- Reduce costs through automation capital investment
- Expand the book of business with both committed new business and sighted new business opportunities
