Tem-Pace Plans to Expand Production, Hire
September 16, 2011
In this recession, when most every company is hurting, Tem-Pace LLC of Niles,
Mich., is planning to expand production by about 20 percent by adding a shift
and hiring seven more people, says Bart Bennett, president.
Tem-Pace Inc. became Tem-Pace LLC on July 14 when an affiliate of Cypress Co.,
an investment group in Akron, Ohio, bought all the assets of Tem-Pace Inc. Tem-Pace
LLC will continue to manufacture the same tempered glass products that it presently
Richard Krause Sr., former chief executive officer, president and founder of
Tem-Pace Inc., started the company in 1987, after he recognized the need for a
tempering service in the tri-state area of Michigan, Indiana and Ohio. About a
year ago, he decided to sell the company because he wanted to retire, Bennett
says. Krause has stepped down and is working as a glass processing manager now,
and plans to retire within the next year.
Tem-Pace has 80 employees in two offices in one location. The company had 125
employees in 2007, and will try to get back to that number in the next couple
of years, Bennett says.
New business, quality and service, and shorter lead time are the
three major items on Bennetts agenda as the new president. We plan
on expanding our marketing group, which has been two people, by hiring one to
two more people, he says. We also will work on team building through
meetings and training. Shorter lead times will be accomplished through the
additional shift and new hires, he says.
Tem-Pace ships all across the United States and to Canada and Mexico.
Our customers havent seen any changes in our service, Bennett
says. Cypress bought us because we are a solid company. We have a team of
people who can run the company. Cypress doesnt want to run us; they want
to be in the background and help us grow.
According to Bennett, the Cypress Co. is easy to work with, and speaking
for all the employees, we are very pleased in how they handled this whole process,
he says. We talked to 12 to 15 buyers, and chose Cypress because they were
the best fit. The deal took about a year to close.
Bennett, former partner and long-time general manager, has been with Tem-Pace
since the beginning of the company, and has been managing the daily operations
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