LOGANSPORT, INDIANA — ARaymond, a global firm that designs and manufactures assembly and fastening systems for automotive and other industries, recently announced that it has invested $12 million in its manufacturing facility in Logansport.

The company said the $12 million will include installation of new pre finish and coating lines and that it will streamline and improve the company’s overall operations.

The new equipment will arrive at ARaymond’s Logansport facility — located at 800 W County Road 250 S — in December 2023, and will be fully operational by August 2024.

ARaymond, an international automotive leader in fastening and assembly solutions, has announced the acquisition of CGA Technologies, an Italian manufacturer of high performing thermal cooling plates. This step follows the acquisition in early October of Castello Italia S.p.A., a company specializing in plastic tube extrusion for pneumatic applications within transportation and specific industrial market segments.

These acquisitions are not just about broadening the ARaymond product offering, but about scaling up complete and tailor-made plug-and-play solutions. The goal is to design and deliver optimized thermal management systems within the mobility and selected industrial sectors.

“As a leader of fastening and assembly solutions for more than 155 years, we continuously strive to reinvent ourselves and stay ahead in the fast-moving markets that we operate in. The automotive industry is shifting to electric and autonomous vehicles, and we want to actively contribute to this extraordinary transition. To meet our customers' evolving demands, we have a clear vision that agility and time to market are critical and that our customers are expecting complete solutions. For all these reasons, the acquisitions of CGA Technologies and Castello Italia S.p.A, are an ideal fit.  

“With this expansion, we are building up our Network to create sustainability for the future. This includes putting the well-being of our collaborators and the protection of our environment at the forefront of our priorities for our future generations.  We want to provide a service and product offering of the highest quality, that meets both our customers and employees demands for long-term growth and sustainability,” said Antoine Raymond, ARaymond CEO.

— Press release courtesy of ARaymond