Episode Details

In this episode of Global Economic Press, Alex Brady discusses the significant acquisition of Riverside Spline & Gear by Sumitomo Drive Technologies. Riverside Spline & Gear, based in Marine City, Michigan, is a leading manufacturer of engineered gears and shafts, known for its rapid response times and high-quality products. The acquisition, facilitated by Angle Advisors LLC, marks a pivotal moment for both companies, promising growth and expansion in the United States manufacturing landscape. Aaron Forest, President and Chief Executive Officer of Riverside Spline & Gear, expressed excitement about the partnership, highlighting Sumitomo's shared core values and the potential for accelerated growth through their global platform.

James D. Solomon, President and Chief Executive Officer of Sumitomo Machinery Corporation of America, emphasized that the acquisition aligns with their long-term growth strategy and commitment to exceptional customer support. The integration of Riverside's advanced capabilities and strategic location is expected to enhance Sumitomo's U.S. manufacturing footprint, enabling faster and more flexible delivery of high-quality gearing components. Sumitomo Drive Technologies, a division of Sumitomo Heavy Industries, Limited, is a globally recognized leader in power transmission and drive solutions, with a comprehensive portfolio serving various industrial markets. For more information, visit Angle Advisors LLC.