Shaffer Joins GLE Precision as Board Advisorasmith
GLE Precision, headquartered in Bridgeport, Mich., has recruited a proven industrial executive to advise and guide the company through its next growth phase. Alan Shaffer will serve as an advisor to the board of directors. He brings 30 years of operating experience in 13 domestic and international industrial markets while at four publicly traded companies and two private equity portfolio companies.
“Alan is a terrific find for GLE Precision,” Jason Duzan, chairman of GLE, said. “He has decades of experience in leading businesses similar to GLE Precision, including precision manufacturing and sales initiatives. He has terrific chemistry with management, his guidance and experience will be invaluable during the upcoming growth expansion that GLE Precision is driving toward.”
Looking for the Right Advisor
GLE Precision has exceeded its growth objective since Colfax Creek acquired the company in 2015 and has developed new precision manufacturing capabilities to become a leader in the medical device, fiber optic, and computer chip markets. With more growth on the horizon, GLE Precision’s leadership decided to add a new board advisor who will advise on our sales and marketing initiatives.
“The GLE leadership team was looking for an individual that has a deep and broad exposure to business, one who truly enjoys the challenges of business today, including technical sales and manufacturing,” said Clint Bucholz, president of GLE Precision. “A person that is an individual that has a “been there and done that” portfolio of work experiences. Alan is that guy. It should be a fun journey together.”
An Engineer & a Proven Executive
An engineer by training, Shaffer has used his technical expertise and leadership experience in a variety of domestic and international industrial markets, including cutting tools, metalworking chemicals, bonded abrasives, carbide wear parts/powered metals, mining and road construction tools, industrial magnets, printed circuit board laminates, metrology and industrial lasers, coordinate measuring machines, machine tools and flexible manufacturing systems, precision press die tooling and plastic mold tooling.
In addition to 30 years of P&L experience, Shaffer has also led the acquisition, restructuring, integration, and operation of 15 companies and the divestiture of seven businesses in North America, Europe, Japan and Asia that totaled $1 billion in revenue. Most of the acquired companies were losing money. Shaffer led the work to turn these companies into profitable businesses.
Shaffer also has experience in private equity, serving on a board of directors and as a business owner. For seven years, he was one of five owners of Starchem Inc., a developer and manufacturer of metalworking chemicals with sales in the U.S., Canada, Mexico, Europe, and Asia
Shaffer held several executive-level positions with different companies, including Federal Signal Corporation [NYSE: FSS], American Axle & Manufacturing, Inc. [NYSE: AXL] (Blackstone Group portfolio company), and Cincinnati Milacron, Inc. [NYSE: MZ], before retiring in early 2015 as president of Dayton Lamina Corporation, a $220 million subsidiary of Misumi Group Inc. of Japan with 14 plants and 1,500 employees.
Guiding GLE Precision
The business has been going through a rapid period of growth. This has led to many positive changes but highlighted our need for improvement, which has encouraged us to look for another key member of the team. As an advisor to the board of directors, Shaffer will share his considerable experience with GLE Precision’s leadership to help move the company into the next phase and expand its market reach.
“GLE Precision has a tremendous opportunity because of its unique skill set of working with extremely small parts that require a high finish,” Shaffer said. “I am excited to be a part of the growth potential of the business and leverage my experience in sales and operations with similar sized and larger industrial businesses.”