Bracalente Manufacturing Group buys Millennium Manufacturing
Bracalente Manufacturing Group purchased Millennium Manufacturing Inc. The acquisition of Millennium helps bolster the group’s already robust specialized CNC milling, turning, multi-spindle manufacturing capabilities and complements their highly skilled workforce as it expands its footprint in aerospace, EV, electro mechanical automation, and tactical markets.
Bracalente Manufacturing Group is a privately-owned third-generation manufacturing company that has grown significantly during the past few years, increasing capacity and sales by more than 50%. The Millennium deal is an extension of that growth, ensuring the increased customer demand is backed by the rigorous quality standards in their specialty component manufacturing.
“The acquisition of Millennium Manufacturing is part of our growth plan. We are excited to bring the unique capabilities of the Millennium team to our group.” stated Ron Bracalente, CEO and president of Bracalente Manufacturing Group. “We’ve increased our capacity to meet the demand of our customers. This deal strengthens our U.S. presence with additional talent that specializes in our unique manufacturing offerings. It’s a win for us.”
The undisclosed financial deal is part of the Bracalente expansion initiative, with the addition of several multi-million-dollar automated machining cells, an expanded sales team, and a culture of continuous learning and cross-training for the more than 130 employees stateside.
Started in 1950 as a simple screw machine shop in the family’s garage, today Bracalente is a global manufacturer producing specialty components for some of the largest global brands.
Bracalente serves its customers utilizing several resources; a global supply chain with sourcing offices in India, Vietnam, and China as well as an expanded, climate-controlled WOFE factory in China. These resources coupled with our headquarters and newly acquired factory outside of Philadelphia, Pennsylvania, place the company in a position to grow with existing customers and develop new relationships. All facilities are ISO 9001 certified, including AS9100D in the U.S. and IATF16949 in China. The U.S. facility holds an ITAR registration and works with national defense, tactical, and aerospace customers and suppliers.
For 25 years, Millennium Manufacturing has focused on Swiss & mill/turn CNC machining, multi-spindle machining and value-added assembly. Specializing in the production and design of high precision and quality components used in the electronics, medical, capital goods, instrumentation, and aerospace markets, the company is certified ISO 9001 2015.
Dave Fricke, owner of Millennium Manufacturing, said, “The Bracalente name is synonymous with quality in our industry. Ron has continually invested in his people, equipment, and the trade. Deciding to be part of that legacy for our team, allows them the opportunity to thrive.”
Bracalente is committed to not only grow their manufacturing footprint but also expand their impact through purpose-driven partnerships and opportunities in the Lehigh Valley. Manufacturing represents 18% of the Lehigh Valley's economic output, a larger percentage of GDP than the U.S. economy (12%). Bracalente has committed monies, resources, and time to attract, teach and hire new manufacturing talent.
“Over the last decade, we’ve donated more than $250,000 to our local trade schools, through our foundation, the Silvene Bracalente Memorial Foundation. We partner with the schools to help improve the image of manufacturing, attract new talent, and work with our trade organizations and other manufacturers to ensure the pipeline of students coming into our trade is continuous,” remarked Dave Borish, VP of Operations, Bracalente Manufacturing Group.
Bracalente Manufacturing Group headquarters is in Quakertown, Pennsylvania.Bracalente Manufacturing GroupMillennium Manufacturing Inc.ITAR registration