Manufacturing Today - May/June 2017 - 56
Basin Precision Machining
components and assemblies used in the hydraulic, recreational vehicle and energy industries. It specializes in
the precision machining of close tolerance, high feature
content parts supplied on a customer-by-customer basis.
Since introducing its thermal deburring process in October 2016, the company has doubled its revenue in the
hydraulic sector, Anderson says. Overall, the company's
innovative manufacturing processes have earned it a designation as a government prime contractor and a commercial tier 1 supplier.
Expansion and Acquisition
Basin Precision, formerly Anderson Machining Service,
was founded in 1980 by Erik Anderson's parents. The
family-owned business launched "with one drill press
in the back of our house," recalls Anderson, who started working for his parents' company in 1982 while still
in high school. "It was something I fell in love with," he
adds. Debuting his career as a machinist, he has since
worn many hats within the company.
In 2015, Anderson Machining Service became Basin
Precision after being acquired by Basin Holdings, a New
York, N.Y.-based global energy and industrial holding
company. Basin Holding's growth capital and operating
expertise will provide the company with resources needed to continue investing in infrastructure, technology
and its employees, Anderson says.
Basin Precision has grown by 25 percent since the acquisition and anticipates another 25 to 30 percent increase in 2018.
"Over the next two years we're going to make some
large investments in our hydraulic business and we'll be
entering the oil and gas industry," Anderson says. "We
are seeing an increase in oil and gas work."
In addition, the company plans to expand its Jefferson-based operations with a new 25,000-square-foot
facility in late 2017. Additionally, other locations are
being scouted in Wisconsin for further expansion. Basin Precision currently operates two manufacturing
plants with more than 60,000 square feet of space with
production and prototype capabilities in Jefferson and
basin precision uses lean
manufacturing and six sigma
throughout its operation.
manufacturing-today.com MAY/JUNE 2017