Helios Technologies advances augmented strategy

Helios Technologies, Inc. is forming two new Regional Operational Centers of Excellence (CoE) for its Hydraulics segment. Facility expansion is currently underway in Mishawaka, Indiana, the future Hydraulic Manifold Solutions CoE, to accept the manifold machining and integrated package assembly operations from Sun Hydraulics, the integrated package business from Faster Inc, and to allow for Daman’s core organic growth. The quick release coupling (QRC) manufacturing will then transfer from Maumee, OH to the cartridge valve technology location in Sarasota, FL to complete the Hydraulic Valve and Coupling Solutions CoE.
Helios is in the process of adding over 50,000 square feet to the 72,000-square-foot facility gained with the acquisition of Daman Products Company in September 2022. As a result of Helios’ investment in infrastructure and commitment to local hiring, the state of Indiana and the City of Mishawaka has granted the Company various tax incentives.
The relocation of manufacturing operations to Daman Products is expected to be completed by the third quarter of 2023.

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