Momentum Manufacturing Group Expands Capacity, Acquires H&M Metals
Momentum Manufacturing Group (MMG), one of the top ten largest metal manufacturers in North America, announced today they have acquired H&M Metals in Amherst, New Hampshire. The move adds 100,000 square feet of manufacturing capacity and nearly 100 skilled team members to support the company’s continued growth.
“Coming out of a challenging 2020 in the manufacturing sector, we are experiencing very strong and steady growth with more opportunities on the horizon,” said Jim Moroney, CEO of Momentum Manufacturing Group. “We are excited to welcome the seasoned staff from H&M Metals to our team, their knowledge, capabilities and operating approach will seamlessly transition into MMG.”
The acquisition of H&M Metals is part of a continued investment and expansion strategy at MMG. For the past 6 years, the company has been strengthening its end-to-end metal manufacturing solution set through strategic acquisitions and investments in automation and leading technologies. This includes a recent investment of over $2 million to expand manufacturing operations at its corporate headquarters in Georgetown, MA and a $12 million investment in a new 8-inch aluminum extrusion press to increase the extrusion capacity at its Franklin, NH, facility.
“Becoming part of Momentum Manufacturing Group will be great for our people and our customers,” said Dave Medina, CEO of H&M Metals. “Our customers will benefit from a more comprehensive set of end-to-end manufacturing capabilities from design, machining, and fabrication, to aluminum extrusion, finishing, and complete assembly solutions.”
H&M Metals has operated in Amherst since 1972, providing extensive sheet metal fabrication and value-added services and assembly to a wide variety of customers in the Northeast region. Similar to Momentum Manufacturing Group, H&M’s leadership team has invested in automation and technology to support their operations.