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Though it may be small in size and staff,advanced manufacturer Kremin Inc. is making big waves.
The Saginaw Township business was selected to be on the “Michigan 50 Companies to Watch” list, an award sponsored by the Edward Lowes Foundation and presented by Michigan Celebrates Small Business. Eligible companies have six to 99 full-time employees and generate $750,000 to $50 million in annual revenue or working capital from investors or grants.
Mike Grossi and Bryce Moe acquired the business in 2010, after Mike Kremin, who established the business in 1983, retired.
Moe said he and Grossi in 2009 started talking about finding a machine shop to transform into an advanced manufacturing facility.
“Michigan is still a great manufacturing state,” Moe said.
Since the pair acquired the business in November 2010, they’ve expanded their product lines from automotive and precision tools, to include medical devices, aerospace, energy, defense, and dimensional stone.
They’ve also increased the size of their staff by 57 percent, growing from 11 to 19 people, and adding a second shift.
One of those new employees is Rod Mueller, a Freeland resident who started at Kremin less than a month ago.
Recently the CNC machinist was utilizing some of Kremin’s more than $600,000 of new equipment to machine a part no bigger than a quarter.
“We’ve had strong sales growth and we’ve done well increasing our international sales and exporting,” Moe said.
Kremin recently received accreditation for ISO 9001 and ISO 13485, certifying them for medical device production, and allowing them to tap into even more markets.
“People are always going to need stuff made,” Grossi said. “The goal is to keep growing the business and we think there’s going to be a lot of opportunity for growth in the future.”[divider top=”1″]