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POSEYVILLE, IN – Today Nix Companies Inc. announced that it has acquired the assets of Heritage Custom Fabricators, Inc., a Princeton, Ind., based company with more than 80 years of service providing heavy machining, gear manufacturing and fabrication services. Heritage is now an independent division of Nix Companies and will continue to serve its growing customer base from its Princeton facility.
Heritage Custom Fabricators, founded in 1936 as Woods Welding & Machine by Wylie Woods, focused on agricultural repairs. In 1981, Russ Butts purchased the business and renamed it Heritage Custom Fabricators. His son, Clint Butts, ran the company for several years until it was acquired in 2016 by Sam Przymus. Today the Heritage team operates out of a 50,000 square foot facility specializing in heavy contract machining, gear manufacturing, gearbox rebuilds, welding, and fabrication.
Sam Przymus offered the following statement regarding the acquisition: “After my time at Heritage, I recognized that with Nix at the helm the value for both organizations would benefit together much more than apart. I am looking forward to the future with a great leadership team at the controls of this ship.”
Nix Companies is a group of small businesses combined to form a diversified metal solutions provider offering industrial products, manufacturing, and maintenance contracting. Nix was founded in Poseyville, Ind., in 1902 as a blacksmith shop by Charles Nix, the great-great-grandfather of the current fifth-generation principal owners, Matthew and Adam Nix. Nix has recently been recognized as one of the “Best Places to Work in Indiana” as well as Inc5000’s “Fastest Growing Private Companies” in the United States.
Matthew Nix, President of Nix Companies, offered the following statement about the acquisition: “I am very excited and optimistic about the opportunities and benefits that this partnership brings to our core business. The machining and gear manufacturing services offered by Heritage are new additions to our product and service offerings. These are complementary to our existing services and will add immediate value to our current customers. Additionally, this allows us to control every segment of the metal manufacturing process within our company. Their fabrication capabilities are similar to our existing services but will increase our crane capacity from 20 tons to 30 tons, while also doubling our production space. The Heritage customer base will also provide additional diversity to our existing customer industry segments due to their focus on repairs and maintenance projects. We look forward to offering our full line of products and services to the Heritage customer base.”