Flinchbaugh Engineering, an employee-owned contract manufacturer based in Hellam Township, York County, has purchased Billet Industries, a precision manufacturer also based in Hellam Township. Terms of the transaction, which took effect Jan. 1, were not disclosed.
- The acquisition reflects an effort by Flinchbaugh to diversify its business, according to a press release.
- The company makes a variety of metal parts and components and employs roughly 250 people following the acquisition.
- Billet, which employs about 40, makes products for aerospace, defense and industrial clients.
What’s next: Flinchbaugh plans to continue using Billet’s plant and its name.
- Former owner Troy Billet is staying on in an advisory role to support the business as needed.
- “I’m blessed to be in a position as a second-generation owner to sell my business to a local and highly respected company,” Billet said in a statement. “I know the Billet name and my employees are in good hands, and I’m excited to see how the merger of our two businesses can grow and create value for our customers.”
