Hess Industries

What Hess Industries does

Hess Industries, Ltd. is a privately held, family-owned tool and die manufacturer founded in 1999 by Mark and Pam Hess in Mansfield, Ohio. The company designs, builds, and repairs progressive and transfer tooling for tool shops and metal stamping operations worldwide, with a particular specialization in in-die value-added processes, including in-die tapping units and in-die clinch fastener insertion systems. Hess is one of only two manufacturers globally that produces both in-die tapping and in-die clinch systems, a positioning supported by an extensive in-house production stack comprising CNC machining centers with 5-axis capability, one of the largest Wire EDM departments in the region (6 machines), industrial 3D printing capacity (a Markforged print farm plus Bambu Lab units), collaborative robots, and a recently added LightWELD handheld laser welding cell housed in a 15,000 square foot facility on 18 acres.

The business operates three primary product lines: custom tool building and repair on milestone-based project pricing (33% at PO, 33% at half completion, 34% at delivery for orders above $10,000); In-Die Tapping Units built under a strategic partnership with Hutchison Tool Sales and distributed globally to tool and die facilities; and the patented MegaDryPro Filament Dry Box, a 2023 product launch sold through authorized resellers Hawk Ridge Systems and Würth Additive Group at a $2,332 MSRP. The in-die clinch offering is sold under the Clinch Solution brand and includes a complementary Clinch Solutions Feed System developed in 2020-2021. Pricing is project-based for custom work and unit-based for MegaDryPro, with both direct B2B sales and indirect reseller channels. No external investors, acquisitions, or public funding rounds are associated with the company, which remains entirely within the Hess family following a 2021 second-generation co-ownership transition.

Name

Hess Industries

Legal name

Hess Industries, Ltd.

Website

https://hessindltd.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Hess Industries, Ltd. is a family-owned Ohio tool and die manufacturer founded in 1999 that builds and repairs progressive and transfer tooling, in-die tapping and clinch systems, and the patented MegaDryPro filament dry box for tool shops, metal stampers, and industrial 3D printer users worldwide.

Ownership category

akta.pro rank

Product category

Custom Tool & Die Manufacturing

NAICS

Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (333514)

SIC

Sheet Metal Work (3444)

akta.pro primary industry

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

akta.pro secondary industry

Additive Manufacturing for Metals (Metal 3D Printers & Post-Processing) (IMAHADAG)

Keywords

• Progressive die tooling
• In-die tapping
• Clinch fastener insertion
• Wire EDM machining
• Custom tool building

Headquarters

HQ city

Mansfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Custom Tool Building and Repair: Construction and repair of progressive and transfer tooling. Primary revenue stream since founding in 1999. Payment terms: 33% with PO, 33% at 50% completion, 34% upon completion.
2. In-Die Tapping Systems: Design and build of in-die tapping units in partnership with Hutchison Tool Sales, distributed worldwide to tool and die facilities. Includes ongoing support, parts, and repair services.
3. In-Die Clinch Tooling / Clinch Solutions: Complete in-die fastener insertion tooling including Clinch Solutions Feed System. One of only two manufacturers worldwide making both In-Die Tapping and In-Die Clinch systems.
4. MegaDryPro Product Sales: Sale of proprietary filament dry box through authorized resellers (Hawk Ridge Systems, Würth Additive Group). MSRP $2,332, reseller price $2,099 (10% off).
5. Apprenticeship Program: Training program for Tool and Die trade. Participants work full-time with regular pay increases and receive Journeyman's Card upon completion.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Hess Industries designs, builds, and repairs progressive and transfer tooling for metal stamping operations, and manufactures in-die value-added tooling (in-die tapping units and in-die clinch/fastener insertion tooling) that integrates into customers' existing stamping dies to eliminate secondary processes. The company also produces the patented MegaDryPro filament dry box for industrial 3D printers, sold through authorized resellers.

Product overview

Hess Industries Ltd. is a tool and die technology company specializing in progressive and transfer tooling construction and repair, along with in-die value-added tooling solutions. The company operates two primary product lines: MegaDryPro Filament Dry Box—a patented accessory for 3D printers that enables use of larger 3200cc spools—and In-Die Tapping Units (offered in partnership with Hutchison Tool Sales) and In-Die Clinch Tooling under the Clinch Solution™ brand. The In-Die Tapping and Clinch Tooling products help tool shops and stampers worldwide save money by eliminating secondary processes. MegaDryPro is sold through authorized resellers including Hawk Ridge Systems and Würth Additive Group.

Differentiator

Problem solved

Functional benefit

Brands

• MegaDryPro: Patented filament dry box technology that allows integration of larger 3200cc spools with desktop and industrial 3D printers, reducing material waste and end-of-spool waste by 300%.
• Clinch Solutions

Products and services

• MegaDryPro Filament Dry Box Patented filament dry box that allows users of Markforged Desktop or X3/X5/X7 3D printers to integrate 3200cc spools (previously exclusive to the FX20), reducing end-of-spool waste by 300%. Sold through authorized resellers Hawk Ridge Systems and Würth Additive Group at MSRP $2,332 with a 10% reseller discount.
• In-Die Tapping Units In-die tapping units built at the Hess Industries Technology Center in partnership with Hutchison Tool Sales, integrated directly into existing stamping dies to eliminate secondary tapping operations. Distributed worldwide to tool and die facilities with support, parts, and repair services.
• In-Die Clinch Tooling (Clinch Solution) Complete in-die fastener insertion tooling line, designed and built at the Technology Center, for integrating nut and stud insertion into existing stamping dies and eliminating secondary welding or clinching processes. Includes the complementary Clinch Solutions Feed System.
• Custom Progressive and Transfer Tooling Custom engineering, construction, and repair of progressive and transfer dies for tool shops and metal stampers worldwide, including in-house die trials at the Mansfield Technology Center. Pricing for tooling over $10,000 follows a 33% with PO / 33% at 50% completion / 34% upon completion milestone schedule.

Quantifiable outcome

• Reduces end-of-spool waste by 300% with MegaDryPro
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Hutchison Tool SalescoreStrategic or Co-development Partner · 1 January 2011Partnership to offer top-quality in-die tapping units. Hess Industries redesigned and now builds in-die tapping units at their Technology Center. Distributed to tool and die facilities worldwide.
• Clinch SolutionscoreStrategic or Co-development PartnerHess Industries designs and builds Clinch Solution insertion tooling at their Technology Center. One of only two manufacturers in the world making both In-Die Tapping and In-Die Clinch systems.
• Hawk Ridge SystemscoreChannel Partner/ Reseller/ DistributorAuthorized reseller of MegaDryPro Filament Dry Box. Offers 10% discount bringing price to $2,099 from MSRP of $2,332.
• Würth Additive GroupcoreChannel Partner/ Reseller/ DistributorAuthorized reseller of MegaDryPro Filament Dry Box. Offers 10% discount bringing price to $2,099 from MSRP of $2,332.

Scale indicators5 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Dayton Progress: Produces punches, die components, and wear parts for metal stamping tooling. Direct peer to Hess in stamping-tool component supply and progressive die support.
• Rocklin Manufacturing: Specialty manufacturer of tool and die equipment and consumables, including in-die applications. Comparable to Hess in niche stamping-tooling solutions.
• Mate Precision Technologies: Manufacturer of precision tooling, punches, dies, and components for the metal stamping industry. Highly comparable to Hess as a B2B supplier of stamping-tool components and value-added die technology.

Broad incumbents

• D-M-E Company: Established supplier of mold bases, die components, and standard tooling parts. Larger incumbent that competes broadly in die-making supplies where Hess also operates.
• StrikoWestofen: Global metalworking machinery and equipment manufacturer serving industrial production facilities. Overlaps with Hess in metal-forming equipment and industrial process know-how.

Others

• Markforged: Industrial 3D printer OEM whose Mark Two, X-series, and FX20 printers are the platform Hess's MegaDryPro accessory is designed for. Partner ecosystem member rather than direct competitor.
• Hawk Ridge Systems: Authorized reseller of MegaDryPro and Markforged industrial 3D printers. Distribution partner rather than competitor; relevant as a comparable sales channel for additive manufacturing.
• Würth Additive Group: Authorized reseller of MegaDryPro and industrial 3D printing solutions. Distribution partner that gives MegaDryPro access to Würth's large industrial customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=JetltKPXUxQ

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hess Industries