Innovance, a 100% employee-owned holding company focused on manufacturing and industrial technology, has acquired Jorgensen Conveyor and Filtration Solutions.
For more than 73 years, Jorgensen has provided conveyors, coolant filtration systems, material handling equipment, and chip processing equipment for the machine tool, metalworking, and other industries.
As part of Innovance, Jorgensen joins a family of companies concentrated on industrial manufacturing capabilities and solutions to production challenges.
Founded in 2004, Innovance takes its name from its focus on innovation and performance. The Innovance company lineup already includes four companies that share nearly 170 years of innovation and technological refinement. The companies are:
- ALMCO manufactures industrial finishing and washing systems.
- Lou-Rich is a highly integrated contract manufacturer, specializing in complex projects, with precision machining, metal fabrication, assembly, and sourcing capabilities.
- Mass Finishing Inc. (MFI) creates high-energy centrifugal barrel polishing and deburring equipment.
- Panels Plus designs and manufactures panelizing equipment for the off-site, modular, and prefabricated building industries.
Merritt Becker, Innovance CEO, highlighted the philosophical and strategic connections among the holding company’s family of brands, now including Jorgensen.
“Like ALMCO, MFI and Panels Plus, Jorgensen is an innovative industrial machine manufacturer,” he said. “This acquisition continues our strategy of building the Innovance portfolio with recognized industrial machine OEM companies and brands that complement our strong Lou-Rich contract manufacturing business.”
Charles and Evelyn Jorgensen founded Jorgensen Conveyor in 1950 to design, manufacture, and install conveyors for manufacturing applications at major equipment and automotive production facilities. Innovations in belt design, chip handling, and filtration have propelled the company throughout three generations of Jorgensen family ownership in Mequon, Wis. The new alliance with Innovance enables the Jorgensen team to become owners of the business they have helped build.
Jorgensen President and COO Karl Kleppek praised the creativity and vision of the Jorgensen family, including outgoing CEO Chuck D’Amico, grandson of Charles and Evelyn Jorgensen. “Jorgensen’s long history in the material handling industry has consistently demonstrated a devotion to high-quality products, attentive customer service, and an inclusive, employee-centered workplace culture,” Kleppek said. “Joining Innovance will uphold that commitment and build on the Jorgensen legacy.”
Innovance said it will retain all 65 of Jorgensen’s employees and ensure a seamless transition to employee ownership for the Jorgensen team.
Related Glossary Terms
- chuck
chuck
Workholding device that affixes to a mill, lathe or drill-press spindle. It holds a tool or workpiece by one end, allowing it to be rotated. May also be fitted to the machine table to hold a workpiece. Two or more adjustable jaws actually hold the tool or part. May be actuated manually, pneumatically, hydraulically or electrically. See collet.
- coolant
coolant
Fluid that reduces temperature buildup at the tool/workpiece interface during machining. Normally takes the form of a liquid such as soluble or chemical mixtures (semisynthetic, synthetic) but can be pressurized air or other gas. Because of water’s ability to absorb great quantities of heat, it is widely used as a coolant and vehicle for various cutting compounds, with the water-to-compound ratio varying with the machining task. See cutting fluid; semisynthetic cutting fluid; soluble-oil cutting fluid; synthetic cutting fluid.
- metalworking
metalworking
Any manufacturing process in which metal is processed or machined such that the workpiece is given a new shape. Broadly defined, the term includes processes such as design and layout, heat-treating, material handling and inspection.
- polishing
polishing
Abrasive process that improves surface finish and blends contours. Abrasive particles attached to a flexible backing abrade the workpiece.
- precision machining ( precision measurement)
precision machining ( precision measurement)
Machining and measuring to exacting standards. Four basic considerations are: dimensions, or geometrical characteristics such as lengths, angles and diameters of which the sizes are numerically specified; limits, or the maximum and minimum sizes permissible for a specified dimension; tolerances, or the total permissible variations in size; and allowances, or the prescribed differences in dimensions between mating parts.
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