Crain's Detroit Business Publishes Opinion Letter on Effects of Steel Tariffs from LC Manufacturing COO/CFO Scott Smith

May 28, 2018

LETTERS: Steel tariffs — the rest of the story by Scott Smith, LC Manufacturing

Steel tariffs letter to Crains

LC Manufacturing wins 2017 Industrial Project of the Year award from Consumers Energy

April 2, 2018

LC Manufacturing was recently awarded the 2017 Consumers Energy Industrial Project of the Year for improving the functionality and efficiency of our multiple air compressor systems. The improvements were achieved by installing updated Atlas Copco MKV Graphic controllers on our existing compressors and integrating the new controllers into ManagAIR®, a state-of-the-art system for monitoring and controlling air compressor systems. These updates enabled energy savings of more than $100,000 in addition to approximately $100,000 in energy rebates.

2017 Consumers Energy Industrial Project of the Year award

Pictured left to right: LC Manufacturing’s George Stromski, Program Manager; Scott Smith, COO/CFO; and LCM President/CEO Pete Baenen.

Congressman Tours Lake City Plant

Sept. 1, 2016

LC Manufacturing — Lake City welcomed a visit in August from Congressman John Moolenaar, 4th District of Michigan.

U.S. Rep. John Moolenaar visit

Pictured from left: LC Manufacturing’s Scott Smith, COO/CFO, Nick Renucci, Manager of Forging & Maintenance, U.S. Rep. John Moolenaar, and LCM President/CEO Pete Baenen.

LC Manufacturing Orders Induction Billet Heating System

June 27, 2016

Ajax TOCCO Magnethermic shipped a 1,000-kW induction billet heating system to LC Manufacturing of Lake City, Mich., a supplier of closed-die hot forgings.

The 1.3- to 3.3-kHz system is designed to heat carbon-steel billets 1.06-2.875 inches in diameter x 6-20 inches long to forging temperatures. The system includes automatic changing of frequency for differing billet sizes. The unit is loaded by a vibratory bowl feeder.

The system includes automatic changing of frequency for differing billet sizes. The unit is loaded by a vibratory bowl feeder. A PLC with touchscreen display featuring ForgeView Plus software is also included.

LC Manufacturing Wins Industrial Goods and Basic Resources Deal Award

Nov. 18, 2015

LC Manufacturing was named winner of the “Industrial Goods and Basic Resources Deal of the Year Award” by The M&A Advisor for their work with O’Keefe on the successful turnaround and sale of LC Manufacturing. The award was presented during the 2015 M&A Awards Gala on November 17th before a sold-out audience of accomplished business leaders and professionals at the New York Athletic Club, New York, NY.

“Since 2002, we have been honoring the leading M&A transactions, companies and dealmakers. LC Manufacturing was chosen from over 690 participating companies to receive the award. It gives us great pleasure to recognize LC Manufacturing and bestow upon them our highest honor for M&A firms and professionals," said David Ferfusson, Co-CEO and President, The M&A Advisor. “LC Manufacturing represents the best of the M&A Industry in 2015 and earned these honors by standing out in a group of very impressive candidates.”

“We are proud to have been recognized for the work done on behalf of LC Manufacturing,” said Pete Baenen, LC Manufacturing President/CEO. “Company management, Comerica Bank, and the team of professionals — O’Keefe, BFC Inc., and Dold Spath Kiriazis — successfully worked together through shareholder issues, refinancing, and stabilization of the business, to return the Company to a solid footing under new ownership.”

Since 1998, The M&A Advisor has been presenting, recognizing the achievement of and facilitating connections between the worlds’s leading mergers and acquisitions, financing and turnaround professionals.

2015 turnaround award

ABOVE – Receiving the 2015 M&A Advisor Award for Industrial Goods and Basic Resources Deal of the Year are (from left) Pete Baenen, President/CEO of LC Manufacturing, Roger Aguinaldo, Founder and Co-CEO of The M&A Advisor, Pat O’Keefe, Founder and CEO of O’Keefe, and Scott Smith, COO/CFO of LC Manufacturing.