Global Fastener News

May 29, 2008 FIN – Acument Global Technologies Inc. appointed Richard “Rick” Dauch president and CEO.

Dauch told FIN that Acument plans “an aggressive plan for market expansion within a rapidly changing global environment.”
Dauch succeeds Joseph Gray, who led the business following its acquisition by Platinum Equity from Textron Inc. in 2006. Gray previously held management positions with Textron, including vice president of Textron Fastening Systems.
Dauch, 47, joins Acument from American Axle & Manufacturing, where he was executive vice president of Worldwide Manufacturing. He was responsible for 17 locations, including start-up plants in Poland and China and the Forge Division.
Prior to his 13 years with American Axle, Dauch led the specialty products and packaged products businesses of United Technologies’ Carrier Corporation business unit. At United he handled products produced in Korea, Italy, Mexico, Brazil and the U.S.
Dauch holds dual masters of science degrees in management and engineering from the Massachusetts Institute of Technology and a bachelor’s in engineering from the U.S. Military Academy at West Point. He has been on the Society of Manufacturing Engineers board. He is co-chairman of technology start-up Microheat Inc.
Rick Dauch is the son of AAM chairman Dick Dauch.
Platinum Equity principal Mike Scott credited Gray’s leadership during Acument’s “transition to a stand-alone business, and his successful reorganization of the company into its current operating structure over the past 18 months.” Headquartered in the Detroit suburb of Troy, MI, Acument distributes mechanical fastening systems and value-based fastening solutions. Customers are in the aerospace, automotive, construction, electronics, industrial, non-automotive transportation and related end-use markets. Acument has 8,500 employees in 17 countries, and reported sales of about $1.8 billion during 2007. Web: acument.com \ ©2008 FastenerNews.com©2008/2012 Fastener Industry News
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