As a third-generation Saginaw company, Accurate Carbide Tool Co. has solidified its reputation as a premier contract manufacturer of high quality precision machined tooling and components.
Accurate Carbide Tool Co. (ACT) began in 1947 in the storage room of a local Saginaw bar. Its owner would tend the bar by night and spend his days grinding carbide tooling for local auto plants. Today, ACT has evolved into a third-generation company helping provide tool repair and refinishing, prototyping, CNC milling, grinding and turning services to automotive and aerospace suppliers throughout the country.
In 2018, Pure Michigan Business Connect (PMBC) helped the company expand its reach nationwide through its comprehensive matchmaking services. Recognizing the potential of Accurate Carbide Tool Co., PMBC facilitated introductions with the manufacturing team at Boeing. This connection resulted in ACT attending the Boeing Supplier Showcase in Seattle, Washington, to pitch its products to a group of Boeing engineers and purchasers.
“Accurate Carbide Tool Co. is proud to be a homegrown Saginaw company that has the talent needed to perform at the highest level with auto and aerospace suppliers,” said Aaron Longtain, general manager with ACT. “Before Pure Michigan Business Connect facilitated a match between us and Boeing, we were unable to compete for bids with larger companies due to a lack of awareness on a national level.”
The pitch session in Seattle was a success and Accurate Carbide Tool Co. returned home to Saginaw as a preferred supplier to one of the largest global aircraft manufacturers in the world. Just four months afterward, ACT already won 12 purchase contracts with Boeing’s Research and Technology and Test and Evaluation units, resulting in a revenue growth of $60,000 for the Michigan company.
“The matchmaking connections offered by PMBC helped our local business access a national landscape of opportunities to supply our products at a greater scale,” Longtain said.
Thanks to the work of Pure Michigan Business Connect, Accurate Carbide Tool Co. remains a strong supplier for Boeing Research and Technology efforts and is on Boeing’s preferred list of suppliers to receive each request for bids.
For more information about how PMBC can provide your business with opportunities to grow, go to https://www.michiganbusiness.org/pmbc.