PROJECTXYZ Inc. acquires CBC INGS America LLC in Muscle Shoals
The Shoals Economic Development Authority is proud to announce PROJECTXYZ as one of the newest companies in The Shoals! We're thankful Larry and Kim Lewis of PROJECTXYZ were willing to step in and help retain 100+ jobs here in The Shoals. Their acquisition of CBC INGS America, LLC would not have been possible without their support, as well as the Shoals Industrial Development Committee, the SEDA Board, CBC INGS America, and the community leaders in The Shoals.
Check out this video for more information about the acquisition's process, PROJECTXYZ and all those involved!
From PROJECTXZY:
New Subsidiary Expands in Automotive Product and Service Offerings
July 6, 2020, Muscle Shoals, AL – PROJECTXYZ, Inc. has announced the acquisition of CBC INGS America, LLC, a company providing plastic injection molding components with secondary highly specialized metal deposition and optical deposition finishing for the automotive industry.
The new entity will operate as a wholly owned subsidiary of PROJECTXYZ, Inc. and is based in Muscle Shoals, Alabama. Owners Kim and Larry Lewis plan to retain the existing workforce of 100+ employees and purchased the 68,000 square ft. manufacturing facility, warehouse, and state of the art equipment to expand and complement their products, services, and warehousing capabilities.
PROJECTXYZ will continue to tailor products and services to meet the demands in the automotive market as well as other strategic market pursuits and growth areas. One of the key benefits of the facility is producing large numbers of high-quality parts very quickly, with great dimensional accuracy, and low scrap rates. Equipment and leading-edge technologies the company uses to provide molds and parts to major OEM companies include stereolithography, selective laser sintering, vacuum casting, and other specialized processes.
PROJECTXYZ President Larry E. Lewis, Jr. stated, "We were contacted by the Shoals Economic Development Authority (SEDA) about the opportunity and partnership to help save jobs for the Shoals area. Having grown up in this area and being involved in many of the economic and community development activities, this opportunity seemed like a natural fit for PROJECTXYZ."
Kim Lewis, PROJECTXYZ CEO stated, "Since the beginning, PROJECTXYZ is always looking for ways to grow and diversify the services and solutions that we provide to customers. SEDA knew about PROJECTXYZ and our willingness to help and grow the community. We are excited about this acquisition and we are looking forward to working with the employees and stakeholders moving forward."
About PROJECTXYZ, Inc.: Founded in 2002, PROJECTXYZ, Inc. is a certified Women Owned – Minority Business Enterprise. PROJECTXYZ uses technical solutions that provide resources to solve problems and deliver results for federal and commercial customers at various locations throughout the United States. Headquartered in Huntsville, Alabama, the company provides expertise in the research, design, development, integration, and sustainment of innovative solutions in manufacturing, engineering, logistics, information technology, and alternative energy. www.PROJECTXYZ.com
About Shoals Economic Development Authority (SEDA): The Shoals Economic Development Authority (SEDA) is a professional organization dedicated to economic development in Northwest Alabama, including Lauderdale and Colbert Counties. SEDA aids companies planning new or expanded facilities. The Authority serves as a point of contact to the network of private sector and local, state, and federal government entities that support a company relocation or expansion decision. It is organized as a public/private organization funded by local governments and area businesses. https://seda-shoals.com/
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