Akron, Ohio-based Akron Rebar Company announced today that, under new ownership by the Humphrey family of Akron, Ohio, the company has made a multi-million-dollar investment in cutting-edge equipment to increase its capacity and speed, while positioning the organization for strong, long-term growth.
The fuel for its growth includes technology from MEP, an Italian-based manufacturer known for its efficient and innovative manufacturing solutions. Now, Akron Rebar Company will have two complete and fully-automated cut-and-bend stations for processing stock rebar.
One of the machines will offer custom, multi-radius bending—making it the first of its kind in the United States.
"These fully-automated systems offer such dramatic flexibility that we can literally offer an infinite number of bend options. The investment significantly increases our capacity, efficiency and service, while maintaining our competitive pricing, positioning us for tremendous growth," explains President and CEO Michael B. Humphrey II.
Prior to purchasing Akron Rebar Company, Michael B. Humphrey II served as Executive Vice President of Operations at Republic Steel. Co-owner Michael Humphrey Sr., CFO and General Counsel, is an attorney, an accountant and the founder and managing partner at Sentinel Intelligence Group LLC.