MANSFIELD — Goyal Industries, a leading provider of precision manufacturing and engineering services, is proud to announce the acquisition of Forrest Machine Products, a widely respected local manufacturing company with a strong reputation for quality and innovation.
The acquisition ensures that Forrest Machine Products will remain under local ownership and continue to thrive as a cornerstone of the community.
“We are thrilled to welcome Forrest Machine Products to the Goyal Industries family,” said Jay Goyal, president of Goyal Industries.
“As a local company, it was important to us to ensure that Forrest’s legacy of excellence remains intact and that we continue to provide exceptional opportunities for our community. Forrest Machine Products is a great company with an outstanding team, and we’re excited to build on their success together.”
Goyal said Forrest Machine Products has about 40 employees, around the same number as Goyal Industries.
“All together, we’ll have around 80 employees between the two, and Forrest Machine Products will keep its name, leadership and stay under local ownership,” he said.
Brett DeWees, president of Forrest Machine Products, also shared his enthusiasm for the future.
“Forrest Machine Products has been a staple in the community, known for its dedication to quality and precision,” he said.
“We look forward to continuing our legacy under the ownership of Goyal Industries and advancing our shared commitment to innovation and customer satisfaction. This partnership underscores our belief in the strength and resilience of our local manufacturing sector.”
Mike Spence, speaking on behalf of the previous ownership group, expressed his confidence in the acquisition.
“Selling a company that has been part of my life for so many years was a difficult decision, but I couldn’t be happier knowing it’s in the hands of a local business like Goyal Industries,” Spence said.
“I’m confident they will honor the values and standards that Forrest Machine Products was built upon while driving the business to new heights.”
This acquisition represents an exciting chapter for both companies and their clients.
Goyal Industries is committed to maintaining the exceptional quality and service that Forrest Machine Products’ customers have come to expect, while also exploring new opportunities for growth and innovation.
For more information about Goyal Industries and Forrest Machine Products, please visit www.goyalinc.com and www.fmpcorp.com.