METAL STAMPING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In October 2021, American Electric Power agreed to sell its Kentucky businesses, including Kentucky Power and AEP Kentucky Transco, to Liberty, the parent company of Algonquin Power & Utilities Corp's regulated utility subsidiary, for a US$ 2.846 billion enterprise value
• In November 2023, Generational Growth Capital, an equity firm based in Milwaukee, U.S., acquired Federal Tool & Engineering from West Bend, Wisconsin; BP Metals from Isanti, Minnesota; and Rockford Specialties from Rockford, Illinois. These three manufacturers focus on metal stamping and structural steel manufacturing. The new entity, named American Consolidated Metals, aims to expand its manufacturing capacity and provide better logistical support to customers, ensuring uninterrupted delivery through a strong supply chain.
• In October 2023, Ryerson, one of the largest service center groups in North America, acquired Norlen Inc., a full-service metal fabricator based in Schofield, Wisconsin, for an undisclosed sum. Norlen Inc. provides metal stamping, machining, painting, and value-added fabrication services to the agricultural and defense markets.
• In June 2023, General Motors announced that it would be investing more than USD 500 million into its Arlington, Texas, assembly plant to produce the next generation of full-size SUVs. The plant will receive new equipment for metal stamping, the body shop, and general assembly.
• In January 2021, Interplex has acquired OCP Group, Inc (OCP), a custom connector and cable assembly design and manufacturer based in California, U.S.