ATLANTA (PRWEB) January 24, 2023
We are very pleased to announce that as of January 1, 2023, Phoenix Stamping Group, a division of PHX Holdings, has opened a manufacturing facility in Fort Worth, Texas.
Phoenix Stamping Group, the largest division of PHX Holdings, is a successful, 36-year old family-owned business founded by Bill Chapman in 1986. His son, Brandyn ran the business from 2005 until 2022, at which point, Brandyn transitioned to CEO of PHX Holdings and Chris Woods assumed the responsibility of President of Phoenix Stamping Group. Phoenix Stamping is in the metal stamping and fabrication business with sheet metal and rod products serving primarily the material handling, towable trailer, truck aftermarket, transportation and agricultural equipment markets. The company currently has over 275 employees and has grown sales by 5x over the past 10 years.
The Fort Worth opening facilitates additional growth opportunities for Phoenix Stamping Group and the entire PHX family and this strategic location will support Phoenix’s large customer base in Texas and the West Coast. The facility, totaling 80,000 square feet, will provide added capacity and redundancy in metal stampings, fabrication, tool & die design and kitting & assembly. Fort Worth will be integrated as Plant 05 of Phoenix Stamping Group with Shod Neely, hired in August 2022 as Plant Manager, supporting the continued buildout and capacity ramp-up.
Phoenix Stamping Group has been successful through 1) principled leadership; 2) sales-driven growth focused on specific markets and customers; 3) formal planning and execution processes, supported by current, integrated systems and implementation of lean principles. PHX plans to support Plant 05’s growth by bringing its resources, processes and systems to bear, including Brandyn’s personal commitment and involvement.
PHX Holdings is an entity that owns Phoenix Stamping Group, GTC Machining and PartWorks. All of the PHX companies are owned by a partnership between Brandyn and Covey Equity, a Columbus, GA based investor group focused primarily on small-midsized manufacturing companies. PHX Holdings is based in Atlanta, GA and has facilities in Atlanta, GA, Indianapolis, IN, Ft. Wayne, IN, and Charlotte, NC. Visit our websites for additional information:
PHX Holdings: https://www.phxholdings.com
Covey Equity: https://coveyequity.com
Phoenix Stamping Group: https://phoenixstamping.com
GTC Machining: https://gtcmachining.com
For more information about Phoenix Stamping Group, contact Chris Woods, President (404-671-4800), or Royce Baker, VP of Sales and Business Development, at (404-671-4810).