EQI and Accucam Announce Merger; Create Leading Global Supply Chain Solution for Metal Products
Combined Company Will Deliver Unmatched Range, Scale and Capabilities to Streamline Procurement for Leading OEMs
Spring Lake, MI and Cambridge, Ontario ― EQI Ltd. and Accucam jointly announced a merger today that establishes EQI as a leading metal products supplier to the world’s major OEMs. Accucam will operate as a division of EQI and Blake Phillips, EQI’s Chief Executive Officer will oversee the combined business. Terms of the transaction were not disclosed.
Founded in 2004, EQI is a leading global provider of critical supply chain management services, including sourcing, manufacturing and logistics, for OEMs who procure metal castings. EQI boasts the broadest foundry partnerships in the industry. Now with Accucam, EQI cements its position as a leading global metal products supplier delivering unmatched range, scale, and capabilities to streamline and de-risk parts procurement, and adds world-class finish machining of castings and machined parts manufacturing to its suite of services.
Accucam began as a single facility machine shop in 1987 and evolved into to a full-service component part supplier. Today, Accucam operates two facilities in Cambridge, Ontario, Canada and one in Qingdao, China, complementing EQI’s locations across Michigan, Beijing, Coimbatore, India and Hanoi, Vietnam to reach a new global scale. Accucam adds industry partnerships that span agriculture, turf care, defense, and transportation to EQI’s established end markets, including material handling, aerial work platform, construction, oil and gas, forestry, and CNC machine tool industries. Accucam’s finish machining capabilities bring a new set of services to EQI and adds small steel components to its broad product offering while providing complementary customer bases that will now be able to turn to EQI for all their metal product’s needs.
“This new partnership is a ‘win-win’ for EQI and Accucam, bringing benefits to each of our loyal customers and skilled workforces,” said Blake Phillips, Chief Executive Officer of EQI. “By integrating Accucam’s manufacturing and machining capabilities and superior customer service into our service-centric organization, we have created a unique platform to serve current and future customers across an enhanced global footprint, further simplifying their supply chains. The new EQI will continue to deliver high-quality engineering, logistics, and value-added services while also providing finish machining capabilities to OEMs. We are excited to welcome the Accucam team to EQI,” said Phillips.
“We are thrilled to join forces with EQI. For more than 30 years, Accucam has been guided by its mission to be recognized as the leading strategic partner to OEMs by providing global supply management solutions using advanced capabilities in engineering and design. With this step forward taken with EQI, that mission is now complete,” said Jay McNaughton, President of Accucam.
About EQI, Ltd.
EQI simplifies the global supply chain for the world’s leading heavy-equipment OEMs. The company’s one-of-a-kind foundry network delivers high-quality metal castings, forgings, and fabrications on-time and on-budget. With a team of experts and locations in the U.S., China, India, Europe, and Vietnam, EQI’s tailored solutions mitigate risk and contain costs for manufacturers worldwide.
Accucam, a division of EQI, has been a trusted OEM partner since 1987. Internationally recognized OEM brands trust Accucam to help them achieve high quality components at a reduced cost. With factories in North America and Asia, and strategic partnerships around the world, Accucam is a key, global, OEM partner.