A new aerospace supplier, OMADA International, has purchased a Tacoma titanium former and is looking to expand its operations in the area.
OMADA International announced Tuesday that it has acquired Carlson Formetec, which does specialized titanium forming for commercial and military aerospace customers.
It will be renamed as OMADA International’s Formetec Division.
OMADA International said in a news release that it plans to relocate Formetec’s manufacturing operations to a larger facility in the next year to handle growth.
“The highest priority will be placed on selecting a location that ensures the retention of the existing workforce,” the company said in the release.
While OMADA International is based in Seattle, Formetec is its first production operation in metro Puget Sound. The company was founded in 2013 “to deliver complex work packages with industry leading performance,” the release says.
Under OMADA International, Formetec will focus on improving the “manufacturing buy-to-fly ratio and lower the cost of aircraft production,” OMADA International CEO Jim Hoover said in the release. “This will be accomplished using Formetec’s unique process to make products that can replace both composite and titanium machined parts. We are excited to build upon Formetec’s decades of experience and help the business capitalize on its numerous growth opportunities.”
Formetec currently operates in a 25,000-square-foot facility.
The company already operates a 195,000-square-foot manufacturing plant in Oklahoma City, which it acquired in 2013 when it bought Pro-Fab, a precision machining company with more than 150 employees, according to Pro-Fab’s website.
OMADA International recently started construction on a 150,000-square-foot plant in Bangkok, Thailand, that is scheduled to start production in early 2016.
A “core part of OMADA’s strategy is having dedicated low-cost production facilities in Asia that deliver a highly competitive price point for its customers along with world class quality and delivery,” the release says.
Dan Catchpole: 425-339-3454; dcatchpole@heraldnet.com; Twitter: @dcatchpole.
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