Manufacturing Today - January/February 2017 - 79

Wiegel Tool Works

Midwest

manufacturing floor. "Our lead time to complete a project
was reduced because of our ability to troubleshoot processes on the screen," Wiegel says.

Secret No More
Soon after taking over the reins, Wiegel and his siblings
identified several areas where the company could become
more aggressive to drive growth. Wiegel's aggressiveness is
in stark contrast to his father, who was always conservative
with the company's cash flow and paid off debts quickly. The
recession took down many metal stampers, leaving WTW to
step in to take on those vacant jobs.
WTW's financial strength was an asset because it gave customers confidence the company would stay on as a supplier
for the long term. "When times were starting to get rough we
saw that eight or nine months before it hit," Wiegel says. "We
made a lot of cuts fast because we saw it coming."
A conservative approach served the company well during
the Great Recession, but it no longer made sense once the
economy began to recover and more opportunities were
available. Wiegel's father used to describe WTW as "stamping's best secret" but now the company is looking to shed
that image. "I don't think that's something to be proud of,"
Wiegel says. "I don't want to be a secret."
The next generation of the Wiegel family is looking for
ways to expand its reach. When Wiegel became president
the business had $16 million in sales, 39 employees and
48,000 square feet of space. In the six years since, WTW
added 62,000 square feet of space for manufacturing, added
two warehouses totaling more than 75,000 square feet and
boosted its annual revenue to $45 million. "As much investment as we've done we're also listening to the market and
the market is telling us what we've known for a while," Wiegel says. "We are a global supplier with a regional presence."
In 2015, Erica Wiegel purchased Aro Metal Stamping,
based in Roselle, Ill. The acquisition brought Aro Metal into
the Wiegel family, but provided Erica Wiegel an opportunity
to be an owner and plant manager on her own, while opening Aro up to minority contracts and grant benefits because
of its status as a woman-owned business.
Meanwhile, Aaron Wiegel plans to take WTW from the
Chicago suburbs to being a global company within the next
three to five years. The company is eyeing ways to expand
its manufacturing portfolio to better serve customers and
increase capabilities. Those plans include opening another
production facility this year and seeking international locations going forward. "I see no reason why we're not in Mexico by 2021," Wiegel says. mt
JANUARY/FEBRUARY 2017 manufacturing-today.com

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Table of Contents for the Digital Edition of Manufacturing Today - January/February 2017

Table Of Contents
Manufacturing Today - January/February 2017 - Cover1
Manufacturing Today - January/February 2017 - Cover2
Manufacturing Today - January/February 2017 - 1
Manufacturing Today - January/February 2017 - Table Of Contents
Manufacturing Today - January/February 2017 - 3
Manufacturing Today - January/February 2017 - 4
Manufacturing Today - January/February 2017 - 5
Manufacturing Today - January/February 2017 - 6
Manufacturing Today - January/February 2017 - 7
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Manufacturing Today - January/February 2017 - 67
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Manufacturing Today - January/February 2017 - 69
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Manufacturing Today - January/February 2017 - 71
Manufacturing Today - January/February 2017 - 72
Manufacturing Today - January/February 2017 - 73
Manufacturing Today - January/February 2017 - 74
Manufacturing Today - January/February 2017 - 75
Manufacturing Today - January/February 2017 - 76
Manufacturing Today - January/February 2017 - 77
Manufacturing Today - January/February 2017 - 78
Manufacturing Today - January/February 2017 - 79
Manufacturing Today - January/February 2017 - 80
Manufacturing Today - January/February 2017 - 81
Manufacturing Today - January/February 2017 - 82
Manufacturing Today - January/February 2017 - 83
Manufacturing Today - January/February 2017 - 84
Manufacturing Today - January/February 2017 - 85
Manufacturing Today - January/February 2017 - 86
Manufacturing Today - January/February 2017 - 87
Manufacturing Today - January/February 2017 - 88
Manufacturing Today - January/February 2017 - 89
Manufacturing Today - January/February 2017 - 90
Manufacturing Today - January/February 2017 - 91
Manufacturing Today - January/February 2017 - 92
Manufacturing Today - January/February 2017 - 93
Manufacturing Today - January/February 2017 - 94
Manufacturing Today - January/February 2017 - 95
Manufacturing Today - January/February 2017 - 96
Manufacturing Today - January/February 2017 - 97
Manufacturing Today - January/February 2017 - 98
Manufacturing Today - January/February 2017 - 99
Manufacturing Today - January/February 2017 - 100
Manufacturing Today - January/February 2017 - 101
Manufacturing Today - January/February 2017 - 102
Manufacturing Today - January/February 2017 - 103
Manufacturing Today - January/February 2017 - 104
Manufacturing Today - January/February 2017 - 105
Manufacturing Today - January/February 2017 - 106
Manufacturing Today - January/February 2017 - 107
Manufacturing Today - January/February 2017 - 108
Manufacturing Today - January/February 2017 - 109
Manufacturing Today - January/February 2017 - 110
Manufacturing Today - January/February 2017 - 111
Manufacturing Today - January/February 2017 - 112
Manufacturing Today - January/February 2017 - 113
Manufacturing Today - January/February 2017 - 114
Manufacturing Today - January/February 2017 - 115
Manufacturing Today - January/February 2017 - 116
Manufacturing Today - January/February 2017 - 117
Manufacturing Today - January/February 2017 - 118
Manufacturing Today - January/February 2017 - 119
Manufacturing Today - January/February 2017 - 120
Manufacturing Today - January/February 2017 - 121
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Manufacturing Today - January/February 2017 - 123
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Manufacturing Today - January/February 2017 - 125
Manufacturing Today - January/February 2017 - 126
Manufacturing Today - January/February 2017 - 127
Manufacturing Today - January/February 2017 - 128
Manufacturing Today - January/February 2017 - 129
Manufacturing Today - January/February 2017 - 130
Manufacturing Today - January/February 2017 - 131
Manufacturing Today - January/February 2017 - 132
Manufacturing Today - January/February 2017 - 133
Manufacturing Today - January/February 2017 - 134
Manufacturing Today - January/February 2017 - 135
Manufacturing Today - January/February 2017 - 136
Manufacturing Today - January/February 2017 - Cover3
Manufacturing Today - January/February 2017 - Cover4
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