JR Machine, a contract manufacturer specializing in complex machined parts, has announced a significant boost to its capital through a partnership with Schneider Resources Holding.
Schneider, a family-owned private investor, is now a majority equity member in JR Machine. Renowned as a Wisconsin Manufacturer of the Year, JR Machine has achieved remarkable growth by mastering the precision machining of complex parts from nickel-based superalloys, such as Inconel. These alloys are in high demand among leaders in space exploration and other emerging markets. The investment from Schneider positions JR Machine to grow in tandem with its customers as these markets, including space travel, continue to evolve.
“JR Machine is ready for growth. Building parts for the most recognizable names in space exploration has allowed us to lean into Industry 4.0 and revolutionize how we work. Now, we can reach the next stage for our customers faster,” said Tim Tumanic, JR Machine founder-owner. “Schneider Resources Holding is a perfect match. We share long-held values of quality, innovation, providing good careers for our staff, and supporting our commitment to grow in the Shawano area.”
The founders and key figures of JR Machine, Tim Tumanic and Parker Tumanic, will maintain their pivotal leadership roles and ownership within the company. Additionally, Paul Knoll, a seasoned professional with extensive experience in manufacturing and engineering leadership, has joined JR Machine as chief executive officer. No other employee changes will occur at this time, though both parties expect JR Machine to hire soon.
