Page 9 - MetalForming Magazine June/July 2022 80th Anniversary Issue

News Fronts
Business Notes
Coe Adds Regional Service Technicians
Coe Press Equipment, Sterling Heights, MI, a provider of coil processing equipment to the metal stamping and fabrication industries, has expanded its service offerings by establishing two new regional service hubs—one in Detroit, MI, and another in Bowling Green, KY. Regional service technicians will work from custom-designed service vans stocked with tools and standard replacement components, providing efficient maintenance and repair of onsite equipment, in addition to other service support.
The Detroit service office, serving MI, Northern OH and IN, is run by regional service technician William “Mick” Barnard, an 8-yr. Coe employee with an in-depth understanding of coil processing applications, troubleshooting, equipment maintenance and repair.
The Bowling Green service hub is run by regional service techni- cian Aaron Whitworth, a 5-yr. Coe employee with experience in all aspects of feed line operation, troubleshooting, maintenance and repair. This center’s service reach includes KY, TN, southern OH and southern IN. In addition to these regional U.S. service loca- tions, Coe also has a regional service hub in Monterrey, Mexico.
Coe’s service offering includes 24/7/365 technical support, preventive maintenance programs, production support, parts inventory and technical training. Additionally, the firm provides value-added upgrades, retrofits and refurbishment for mechani- cal and controls capabilities.
Esab Separates From Enovis, Launches
as an Independent, Publicly Traded Company
Esab Corp. announced the completion of its separation from Enovis Corp., formerly known as Colfax, and its launch as an independent, publicly traded corporation. Esab’s common stock has begun trading on the New York Stock Exchange under the symbol “ESAB.”
“We have a proven track record of revenue growth, margin expansion and free-cash-flow generation, and our team is excited and ready to operate and thrive as an independent, publicly trad- ed company,” says Shyam P. Kambeyanda, Esab Corp. president and CEO.
In addition to celebrating its spin-off as a public company, Esab also announced its new purpose and values.
“We are proud to announce, ‘Shaping the world we imagine,’ as our new company purpose,” Kambeyanda says. “As a global company with more than 9000 associates serving 147 coun- tries, we developed our purpose and values with the input of our associates and customers. As we launch into this next period in our company’s 117-year international legacy, we remain com- mitted to creating an inclusive culture built on shared success, collaboration, continuous improvement, talent development and leadership.”
6 MetalForming/June/July 2022
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