Hammond & Irving Inc. - Comprehensive Analysis Report

Summary

Hammond & Irving Inc. is a long-established manufacturer of seamless rolled rings and open die forgings, founded in 1919 in Auburn, New York. The company’s core mission revolves around supplying high-strength, low-cost raw material solutions for diverse industrial applications, with an unwavering commitment to quality as an ISO 9001 certified producer. A strong emphasis on continuous improvement, investment in technology, and employee training underpins their operations. Hammond & Irving Inc. holds significant importance in industries such as bearing and gear manufacturing, power transmission, fluid control, renewable energy, and oil & gas, among others, by providing essential forged components that comply with rigorous industry standards.

1. Strategic Focus & Objectives

Core Objectives

Hammond & Irving Inc. is dedicated to supplying quality custom forgings for a wide range of applications, including bearings, pumps, and gears. Their main business objectives include:

Adhering to exacting ASTM, ASME, AMS, and MIL standards, as well as unique customer specifications.

Ensuring their rings comply with the EU’s Pressure Equipment Directive (PED).

Focusing on continuous improvement across all operational facets.

Committing to ongoing investment in the company's infrastructure and technology.

Prioritizing comprehensive employee training and development.

Aiming to remain at the forefront of forging technology and innovation.

Specialization Areas

The company specializes distinctly in the production of seamless rolled rings and open die forgings.

Seamless Rolled Rings: Capabilities include forming rings up to 65 inches in diameter for orders ranging from 1 to 1000 units, utilizing carbon, alloy, and stainless steels. They are a premier supplier to the U.S. Bearing market.

Open Die Forging: Expertise in producing seamless ring forgings with a face height of up to 20 inches and weighing up to 1800 lbs. They also manufacture smaller mandrel forgings from 5 to 70 lbs in various custom configurations.

A unique value proposition lies in providing high-strength, low-cost raw material solutions specifically tailored for challenging industrial environments.

Target Markets

Hammond & Irving Inc. serves a broad array of industries, acting as a crucial supplier for:

Bearing and Gear Manufacturing: Supplying bearing quality alloy steels for inner and outer races, spacers, housings, and various configurations for gear manufacturers.

Power Transmission and Fluid Control: Providing seamless rolled rings for essential components.

Renewable Energy and Oil & Gas: Catering to traditional and modern energy sectors, including wind, gas, and steam turbines, wind power gearboxes, and onshore/offshore oil & gas exploration needs.

Heavy Industrial, Manufacturing & Processing Equipment: Supporting sectors like transportation, off-road equipment, machine tools, pulp & paper, mining, food processing, pharmaceutical equipment, steel mills, drilling, construction, agriculture, molds, and dies.

Chemical and Food Industry: Supplying stainless steel and low carbon grade seamless rings for tanks, valves, pumps, and heat exchangers.

2. Financial Overview

Funding History

Hammond & Irving Inc. is estimated to have an annual revenue between $5 million and $10 million. Public information regarding funding history, recent funding rounds, notable investors, or the intended utilization of capital is not available.

3. Product Pipeline

Key Products/Services

Hammond & Irving Inc. focuses on two primary product lines: seamless rolled rings and open die forgings.

Seamless Rolled Rings

Description: Precision-forged rings without seams, offering superior strength and structural integrity.

Development Stage: Fully commercialized and in continuous production.

Target Market/Condition: Primarily used in bearing and gear manufacturing (inner and outer races, spacers, housings), power transmission components, fluid control systems, and critical parts for renewable energy and oil & gas applications.

Key Features and Benefits:

Available in carbon, alloy, and stainless steels.

Can be produced up to 65 inches in diameter.

Suitable for order quantities from 1 to 1000 units.

Designed to meet demanding ASTM, ASME, AMS, MIL standards, and PED compliance.

Provides high-strength, low-cost raw material solution.

Open Die Forgings

Description: Custom-shaped metal components produced by deforming metal between dies that do not fully enclose the workpiece. This allows for greater flexibility in terms of size and shape.

Development Stage: Fully commercialized and in continuous production.

Target Market/Condition: Critical components for heavy industrial, manufacturing, and processing equipment, aerospace, oil & gas, and applications requiring custom configurations.

Key Features and Benefits:

Capable of producing seamless ring forgings with a face height up to 20 inches and weighing up to 1800 lbs.

Manufactures smaller mandrel forgings from 5 to 70 lbs.

Offers custom configurations to meet specific application requirements.

Adheres to stringent industry standards (ASTM, ASME, AMS, MIL) and customer specifications.

4. Technology & Innovation

Technology Stack

Hammond & Irving Inc. leverages a robust technological platform for its advanced forging operations, ensuring precision and quality:

Core Platforms:

Wagner 63/63 CNC Ring Rolling Mill: Utilized for radial/axial rolling with high precision.

Open Die Hydraulic Presses: Includes a 1000-ton and a 500-ton press for efficient forging, complemented by smaller hammer equipment.

Proprietary Developments: Continuous investment in hydraulic press CNC control upgrades and programmable computer-aided forge design systems enhances their manufacturing capabilities and design flexibility.

Scientific Methodologies: Advanced industrial heating systems integrate state-of-the-art SCADA furnace control and peripheral PLC (Programmable Logic Controller) deployments. This ensures precision heating and heat treating processes critical for material integrity and quality assurance.

Technical Capabilities: Extensive in-house quality testing, including chemical, metallurgical analysis, hardness testing, mechanical testing, magnetic particle inspection, ultrasonic testing (UT), and XRF positive material identification (PMI).

5. Leadership & Management

Executive Team

Edward Gallager - President

Karyl Carter - Controller

Jennifer Miller - Accounting Staff

Michelle Groesbeck - Sales Manager

Mark Drabicki - Sales

Mary Vanacore - Sales

Rich Wride - Engineer

Don Vanderveer - Engineer

Jim Wride - Industrial Engineer

Jim Steigerwald - Quality Manager

Jake Kessler - Quality Assistant

Tracy Maine - Order Entry

Bonnie Bolak - Administrative Assistant/Receptionist

Alyssa Ford - Shipping Clerk

Chris Soprano - Safety Manager

Recent Leadership Changes

There is no publicly available information regarding recent significant leadership changes at Hammond & Irving Inc.

6. Talent and Growth Indicators

Hiring Trends and Workforce

Hammond & Irving Inc. currently employs 51-200 individuals. The company is actively recruiting for full-time, entry-level production positions within its manufacturing plant. These roles operate within a demanding industrial environment characterized by high heat, noise, and dust.

Key Roles Being Recruited: Entry-level production staff.

Basic Requirements: Ability to repeatedly lift up to 60 lbs safely, extensive walking, standing, bending, pushing, pulling, effective teamwork, maintaining a safe and organized workspace, adherence to company policies, ability to read a standard tape measure, and a High School Diploma or GED.

Preferred Qualifications: Prior experience in a fast-paced manufacturing setting, forklift experience, and knowledge of forging or foundry operations.

Compensation: Ranging from $18.20 to $24.53 per hour, including health/dental insurance, a 401(k) plan, quarterly bonuses, and a safety equipment allowance (upon eligibility).

Company size and expansion metrics

The company falls within the 51-200 employee bracket, indicating a mid-sized operation within its specialized manufacturing sector. Its continuous recruitment for production roles suggests a steady demand for its products and a stable, if not expanding, operational footprint.

7. Social Media Presence and Engagement

Digital Footprint

Hammond & Irving Inc. maintains an official presence on LinkedIn, reflecting a focus on professional networking, industry engagement, and talent acquisition.

8. Recognition and Awards

Industry Recognition

Hammond & Irving Inc. is an ISO 9001 certified producer, demonstrating its commitment to quality management systems and customer satisfaction. The company also ensures that its forgings comply with the EU’s Pressure Equipment Directive (PED), highlighting its adherence to international standards for critical components.

9. Competitive Analysis

Major Competitors

The metal forging market, particularly for seamless rolled rings and open die forgings, is highly competitive. Hammond & Irving Inc. operates alongside major global players and specialized firms that emphasize high-strength, durable metal components for demanding industries.

Thyssenkrupp AG: A global diversified industrial group with significant operations in materials and components, including forging.

Arconic Inc.: A leader in advanced aluminum products and solutions, serving the aerospace, automotive, and building and construction markets, with forging capabilities.

Scot Forge: Known for its extensive open die and rolled ring forging capabilities, serving a wide array of heavy industries.

Bharat Forge Limited: A multinational company specializing in auto components and critical industrial components, with substantial forging expertise.

Precision Castparts Corp.: A major manufacturer of complex metal components and products for the aerospace, power, and general industrial sectors, including forgings.

Other notable competitors include ELLWOOD Group, FRISA, Lucchini Mame Forge, Sheffield Forgemasters, WHEMCO, Forged Components, Overall Forge, All Metals & Forge Group, Burke Forging & Heat Treating, Ferralloy, Liberty Forge, Mattco Forge, and U.S. Titanium Industry Inc. These companies broadly focus on producing high-strength, durable metal components for demanding industries such as aerospace, automotive, energy, and heavy machinery, often emphasizing diverse material capabilities and forging processes.

10. Market Analysis

Market Overview

The market for forged metal components, particularly open die and seamless rolled rings, demonstrates robust growth driven by industrial demand for high-strength, reliable parts.

Open Die Forgings Market:

The global open die forgings market was valued at approximately $5.75 billion in 2023.

It is projected to reach around $9.82 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1% from 2024 to 2032.

Another estimate places the market at $12.95 billion in 2024, expected to grow to $17.71 billion by 2033, with a CAGR of 3.5% from 2025 to 2033.

Growth Drivers: Increasing demand for high-strength components across aerospace, oil & gas, automotive, power generation, marine, railway, and construction industries.

Key Regions: Asia Pacific is a dominant region due to rapid industrialization, with North America and Europe also being significant markets.

Seamless Rolled Ring Forgings Market:

The seamless rolled ring forgings market was valued at $11.73 billion in 2023.

It is projected to reach $15.54 billion by 2032, with an expected CAGR of 4.1% during the forecast period.

The global rolled ring market size was estimated at $24.6 million in 2024, projected to expand at a CAGR of 6.50% from 2024 to 2031.

North America holds a significant share of the rolled ring market, particularly driven by the aerospace and automotive industries, with the US market size at $7.76 million in 2024, growing at a CAGR of 4.5% during the forecast period.

Europe shows steady demand, while Asia-Pacific is an emerging market for ring rolling products.

Key Drivers: Technological advancements, increasing demand for lightweight and high-performance components, and the expansion of the renewable energy sector.

11. Operational Insights

Hammond & Irving Inc. distinguishes itself through a strong foundation built on a century of forging expertise.

Current Market Position: A long-standing and reliable supplier within the specialized forging market, catering to a diverse industrial client base with a focus on custom, high-quality components.

Competitive Advantages:

Deep Expertise: Over 100 years of experience in forging operations.

Robust Quality Program: ISO 9001 certification and adherence to stringent industry standards (ASTM, ASME, AMS, MIL, PED).

Advanced Equipment: Continuous investment in advanced manufacturing equipment, including CNC ring rolling mills and hydraulic presses, paired with modern control systems (SCADA, PLC).

Operational Flexibility: Capability to produce custom forgings in a wide range of sizes and materials, handling orders from 1 to 1000 pieces.

In-house Capabilities: Comprehensive in-house testing facilities (chemical, metallurgical, hardness, mechanical, magnetic particle, ultrasonic, XRF PMI) ensure quality control from raw material to finished product.

Customer Orientation: Focus on meeting unique customer specifications and providing value-added services such as rough turning of open die seamless rings.