Quick Summary
• US-based propulsion manufacturer Beehive Industries has acquired the assets of Able Tool Corporation and its subsidiary Planet Products Corporation, two precision machine shops in the Greater Cincinnati area. The deal lands as the company’s Frenzy engine moves into full-rate production, following a year of ground and high-altitude testing of the Frenzy 8 and a $29.7…
Additional Context
US-based propulsion manufacturer Beehive Industries has acquired the assets of Able Tool Corporation and its subsidiary Planet Products Corporation, two precision machine shops in the Greater Cincinnati area. The deal lands as the company’s Frenzy engine moves into full-rate production, following a year of ground and high-altitude testing of the Frenzy 8 and a $29.7 million U.S. Air Force contract that accelerated the program toward deployment.
The acquisition complements Beehive’s purchase 30 EOS metal 3D printers, described as the largest publicly disclosed EOS printer order to date, which more than doubles the company’s metal additive manufacturing capacity. Where the printers expand output of printed parts, the machine shops supply the finishing side of the equation: immediate, produc