It's just business: Manufacturing moves from Dow, Goodyear, Swagelok, and more
As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector.
Layoffs: Dow Inc. has announced plans to deliver $1 billion in cost savings. To accomplish this goal, the company plans to decrease its workforce by approximately 1,500 jobs. In a recent quote, Jim Fitterlingopens, Dow chair and CEO, said, "While these decisions are difficult, we must continue to take proactive actions to reduce costs while we navigate through this ongoing slower-than-expected macroeconomic recovery. These cost actions support our commitment to our long-term growth objectives, while aligning spending levels to the realities of the current macroeconomic environment. As 2025 progresses we will continue to evaluate options to reinforce our competitiveness and take further action if necessary."
Learn more
Personnel: The Goodyear Tire & Rubber Company has named Don Metzelaar senior vice president, Global Manufacturing and Supply Chain. Don has more than 30 years of experience leading complex, world-class manufacturing operations. In a recent quote, CEO and President Mark Stewart said, "Manufacturing is at the core of our business, and the transformation of our manufacturing operations is central to our go-forward strategy. With Don's proven record of developing, enhancing and leading global footprints, I'm confident his leadership will accelerate our manufacturing transformation and leverage our scale for operational efficiency and customer impact. I'm happy to welcome him to Team Goodyear."
Learn more
Acquisition: American Axle & Manufacturing (AAM) has announced plans to acquire Dowlais Group plc. AAM reached an agreement with Dowlais’ board for approximately $1.44 billion in cash and AAM shares. In a recent quote, David C. Dauch, AAM’s Chairman and Chief Executive Officer, said, “We are excited to bring together these two outstanding companies to create a leading driveline and metal-forming supplier serving the global automotive industry as it continues to evolve. The combination will create significant immediate and long-term shareholder value while helping to power a more sustainable future. Together with Dowlais, we will have the powertrain-agnostic product portfolio, global reach, commitment to innovation and financial strength to meet the needs of customers and succeed in a dynamic market environment.”
Learn more
Personnel: Brent Blouch will serve as Swagelok Company’s eighth president. Blouch will continue to serve as Swagelok's chief operating officer, a position he has held since 2023. In a recent quote, Brent said, "I look forward to continuing to work closely with Brent in his new role. His leadership of our global workforce, combined with his extensive knowledge of our supply chain and manufacturing strategies, will continue to drive alignment and enhance our ability to deliver world-class associate and customer experiences."
Learn more
Acquisition: Dynamis Power Solutions, LLC has announced the acquisition of Mertz Manufacturing, Inc.'s operations. As part of the agreement, Mertz Integration, LLC will be positioned as a Dynamis Power Solutions company. In a recent quote, Jeff Morris, Executive Chairman of Dynamis, said, "We welcome Mertz Integration into the Dynamis Power Solutions family. Mertz's remarkable history and reputation is a significant contribution to this partnership. With the leadership of Steve Ballinger and alignment with Dynamis, we are confident of expanding and achieving new heights of success and innovation within Mertz Integration."
Learn more
Capital: BPR Hub has raised $2.6 million in a round of seed funding, which was led by Accel and Kae Capital. BPR Hub will use the money to help simplify compliance for manufacturers globally, with a key focus on scaling operations in North America. In a recent quote, Teja Edara, co-founder & CEO of BPR Hub, said, "Our mission is to democratize world-class compliance capabilities for manufacturers of all sizes. By automating complex compliance processes and providing hands-on support, we're enabling manufacturers to focus on their core business while maintaining the highest standards of regulatory compliance. This funding will accelerate our journey toward becoming the leading consolidated compliance solution globally."
Learn more