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Haven Manufacturing Acquires Hower Tool

Haven Manufacturing acquired Hower Tool, a supplier of machined components. Haven will retain the current Hower Tool workforce and pursue sustainable growth that meets the needs of its customers. With the transaction, Haven Manufacturing has acquired an ISO 13485 registered, FDA certified firm that has been in business for over 50 years and served the orthopaedic market for 23 years. Haven Manufacturing Indiana will continue to serve its market niches with engineering, prototyping, manufacturing and inventory control of machined components, specialized tooling as well as surgical orthopedic instruments, trials and implants.

Haven Manufacturing intends to perform a major update to its current facility, invest in new equipment and add employees to improve and increase the capability and capacity of the Ossian, Indiana operation. The company expects to double the size of the business in the next 5 years by increasing sales in the orthopaedics industry and expanding with in the industrial products area.(Source: Haven Manufacturing)