Transcript
Page 1: Glov Presentation - FEB2016

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 2: Glov Presentation - FEB2016

GLOV Mission Statement – to provide our customers with a quality product at a competitive price.

GLOV Management philosophy:

• Provide a clean and safe work environment

• Maintain capable production equipment

• Encourage Employee training programs

• Lean Manufacturing Mind-Set

• Commitment to Customer Satisfaction

• Commitment to Quality Management System

(TS 16949 & ISO 14001)

• Commitment to Continuous Improvement – Kaizen – Practical Problem Solving

Reliability

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 3: Glov Presentation - FEB2016

Privately Held Business

• 2 owners funded acquisition

• Secure line of Credit to fund working capital

• Working Capital to Loan ratio over 2 to 1

• Owners have funded new capital of $1.5 million

Quality Supply (12 month running total)

• Ford - 1PPM - 1 million parts shipped FPLEA Supplier code

• Bosch 2014 – 0 PPM’s

• Montaplast 2014 – 9 PPM’s

• CNI 2014 – <100 PPM’s

Funding in place to continue growth

• $2.5 million in 2011

• $4.5 million in 2012

• $7.4 million in 2013

• $10.0 million in 2014 & 2015

Key Financial Information

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 4: Glov Presentation - FEB2016

• Company was founded in 1973

• GLOV Enterprises acquired the company in March of 2011

• ISO 9001 certification in July of 2011, TS 16949 Cert in July

2012, ISO 14001in November 2012

• 52,000 square feet in Tecumseh MI with 23 molding

machines ranging from 75 ton to 1500 ton

• Added 2 shot capability in October 2012

Company Information

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 5: Glov Presentation - FEB2016

FORD

NISSAN

MERCEDES

Tesla

GM

CHRYSLER

BMW - other

2011 Production

2015 Production

2011 to 2015 FY – Automotive Components

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 6: Glov Presentation - FEB2016

Tecumseh Michigan Facility

8

Lift T

ruck

Hallw

ay

150 TON

300 TON

27

5 T

ON

75 TON

30

0 T

ON

45

0 T

ON

25

0 T

ON

30

0 T

ON

11

0 T

ON

30

0 T

ON

20

0 T

ON

1000 TON 500 TON 700 TON

500 TON 500 TON 500 TON

75

TO

N

Chiller

Water Tower

Paint Room

Warehousing Slow Moving Product Future Raw and WIP

Shipping and Receiving Docks

Shipping and Receiving Docks

Warehousing

Shipping/Receiving

Assembly Area

WIP Staging

Production Production

Maintenance

Front Office

Off

ice

Tool Storage

Utility Room

HOLD

Oven

Paint Booth

Pa

int

Bo

oth

P

ain

t B

oo

th

Finished

Raw Materials

WIP

52,000 sqft

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 7: Glov Presentation - FEB2016

Tecumseh Injection Press List

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Press # Tonnage Manufacturer Robot Platen Size Shot Size

1 300 BATTENFELD Y 36 x 36 20

2 220 KRAUSS MAFFEI 28 x 28 14

3 385 KRAUSS MAFFEI Y 42 x 44 35

4 330 BATTENFELD Y 36 x 36 20

5 75 VAN DORN 21 x 21 5

6 385 KRAUSS MAFFEI Y 42 x 44 35

7 110 ENGEL 2 SHOT Y 24 x 28 Multiple

8 110 VAN DORN 22 x 22 10

9 275 KRAUSS MAFFEI Y 39 x 41 18

10 330 ENGEL Y 36 x 36 12.7

11 700 CINCINNATI Y 54 x 54 110

12 1000 VAN DORN Y 66 x 73 260

13 1500 VAN DORN Y 72 x 72 260

14 165 KRAUSS MAFEI Y 28 x 28 14

15 500 BATTENFELD Y 44 x 44 38

16 330 KRAUSS MAFFEI Y 39 x 39 27

17 500 VAN DORN 47 x 51 60

18 500 VAN DORN 48 x 48 54

19 275 KRAUSS MAFFEI 39 x 41 18

20 110 KRAUSS MAFFEI 28 x 28 8

21 110 KRAUSS MAFFEI 28 x 28 8

22 110 KRAUSS MAFFEI 28 x 28 8

23 225 CINCINNATI 22 x 22 17

Page 8: Glov Presentation - FEB2016

Tecumseh Michigan Operations

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 9: Glov Presentation - FEB2016

Open Capacity – January 2016

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Press Size 75 100-200 250-300 300-400 500 700 1000 1500

# of Presses 1 6 5 5 3 1 1 1

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Page 10: Glov Presentation - FEB2016

Rear License Plate Lamp System

Customer FORD

Exterior Component

Injection Molding

Painting

Assembly Ultra Sonic Welding

100% Testing

Ford F-Series & Ranger

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 11: Glov Presentation - FEB2016

Locking & Non-Locking Head rest Guide

Customer Faurecia / JCI

Interior Seating Component

Injection Molding – 3 8 cavity tools

7 total colors on 3 vehicle lines

Automated Assembly

PP

Nissan Altima / Sentra / Versa

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 12: Glov Presentation - FEB2016

IP & Door Trim Speaker Grill

Customer Oakwood Group

Injection Molding

Painting

TPO

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Tesla Speaker Grill

Cadillac IP Center

BMW IP Center

Page 13: Glov Presentation - FEB2016

Various Engine Components, Air Intake

Multi cavity molding with precision assembly

for power train and interior safety components

Injection Molding and Assembly

PA, PP, POM, PC/ABS, Filled/Unfilled

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 14: Glov Presentation - FEB2016

Lift Gate Components

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 15: Glov Presentation - FEB2016

Garnish Trim Components

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 16: Glov Presentation - FEB2016

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Console & Door Trim Injection Molding

Page 17: Glov Presentation - FEB2016

Wash Cylinder

Customer Hemlock Semi Conductor

Injection Molding and Assembly

Plastic Welding, US Welding

Kynar

Silicone Wash Cylinder

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 18: Glov Presentation - FEB2016

Brush Substrates

Injection Molding and Assembly

Substrate plus Bumper

PP, PVC, Blowing Agent

Commercial and Marine Brushes

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 19: Glov Presentation - FEB2016

Continuous Improvement

Equipment invest

1500 Ton Van Dorn

Engel 2-Shot

Ten KM 100 to 350 Ton

10 of 23 presses

have 3 axis gantry

robots

Investment in Automation

Equipment,

Facility & Material

Flow Upgrades

Motan Central

Loading System

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com

Page 20: Glov Presentation - FEB2016

Owners Biographies

Louis Farkas

1975 - 1980

Tool and Die Maker

1980 – 1984

BSME

St. Clair College of Applied Engineering

1984 – 1990

Partner & Lead Engineer

Plastic Design Group Inc.

1990 – 1992

Design Manager – Interior RS Minivan

Accustar div. of Chrysler

1992 -1996

Advanced Engineering Manager

Excel Industries

1996 -1999

Director of Sales & Engineering

Fischer Automotive System

1999 -2010

Director of Sales & Engineering

MollerTech LLC

Gordon Young

Education

BS – Eastern Michigan

Finance and Economics

Harvard University 1989

Textron Executive Development Program

1978 – 1981

Arthur Anderson & Company

Senior Auditor, CPA

1981 – 1997

Textron (ExCello, Davidson Rubber)

VP Global Purchasing

VP Operations

VP Strategic Planning

Director of Engineering

Division Controller

Senior Auditor.

1997-2000

Collins & Aikman

CFO, President European Operations

Senior VP Business Development

2000 - 2004

Reko International, Windsor, Canada

COO, Board of Directors

2004 -Present

GE&T, Troy, MI

President

412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com


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