H&L Tool Company

What H&L Tool Company does

H&L Tool Company, Inc. is a U.S.-based precision metal components manufacturer founded in 1946 and headquartered in Madison Heights, Michigan. The company produces custom and standard precision-turned and cold-formed parts — including rivets, shoulder rivets, double-ended rivets, ACME/worm gears, spring studs, pivot pins, tube nuts, and splines/knurls — primarily for automotive applications such as brake systems, hood hinges, door latch systems, power seat and pedal adjusters, and window regulators. Secondary applications extend into general industrial manufacturing. The company is a wholly-owned subsidiary of Chicago Rivet & Machine Co. (NYSE American: CVET).

H&L's production platform combines two technologies under one roof: precision turning via 53 Acme Gridley multi-spindle screw machines (5-41mm diameter, up to 150mm length) and cold forming via 23 National and Sacma cold headers (5-20mm diameter, up to 152mm length), totaling 76 production machines across a 95,000 sq ft main plant and a 21,000 sq ft secondary facility. A full secondary operations department handles thread rolling, broaching, knurling, milling, drilling, sorting (laser, optical, mechanical), and eddy current inspection. Quality is managed via computerized Statistical Process Control stations with real-time data capture, supported by ISO 9001:2015 and IATF 16949:2016 certifications.

The business operates on a quote-based B2B model with minimum order quantities of 25,000 pieces for screw machine products and 50,000 pieces for cold header products. Go-to-market is direct sales with an online Request-for-Quote form, serving both major manufacturers and smaller companies. Geographic reach spans North America (primary), with direct exports to Europe, Asia, and South America. Pricing is not publicly disclosed and no revenue figures have been released.

Name

H&L Tool Company

Legal name

H&L Tool Company, Inc.

Website

https://hltool.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

H&L Tool Company is a U.S. precision metal components manufacturer (founded 1946, Madison Heights, MI) producing turned and cold-formed parts — rivets, worm gears, tube nuts, spring studs — for automotive and general industrial customers. It is a subsidiary of Chicago Rivet & Machine Co.

Ownership category

akta.pro rank

Product category

Precision Metal Components Manufacturing

NAICS

Turned Product and Screw, Nut, and Bolt Manufacturing (33272), Bolt, Nut, Screw, Rivet, and Washer Manufacturing (332722), Precision Turned Product Manufacturing (332721)

SIC

Screw Machine Products (3451), Bolts, Nuts, Screws, Rivets & Washers (3452)

akta.pro primary industry

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

akta.pro secondary industry

Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)

Keywords

• Precision turned parts
• Cold formed components
• Screw machine products
• Automotive fasteners
• Contract metal manufacturing

Headquarters

HQ city

Madison Heights

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Precision Metal Components Manufacturing: H&L Tool Company generates revenue through the manufacture and sale of precision turned and cold formed metal parts. The company operates on a quote-based pricing model for custom manufacturing orders. They produce standard and custom components including rivets, pins, shoulder rivets, double-ended rivets, ACME/worm gears, spring studs, pivot pins, tube nuts, and splines/knurls for various industries.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

H&L Tool Company manufactures and sells precision turned (screw machine) and cold formed metal components, including standard products such as rivets, pins, shoulder and double-ended rivets, ACME/worm gears, spring studs, pivot pins, tube nuts, and splines/knurls, as well as custom contract-manufactured parts. Production is supported by a full secondary operations department (thread rolling, knurling, milling, broaching, sorting, etc.) and Statistical Process Control. The company operates on a quote-based B2B model with minimum order quantities of 25,000 pieces for screw machine products and 50,000 pieces for cold header products.

Product overview

H&L Tool Company is a manufacturer of precision turned and cold formed metal parts, operating as a subsidiary of Chicago Rivet & Machine Co. The company offers a portfolio of standardized fastener and component products including rivets (standard semi-tubular, solid, shoulder, and double-ended), ACME/worm gears, spring studs/pivot pins, tube nuts, and splines/knurls. These products are manufactured using two primary production technologies—cold-heading/cold-forming and precision turning—both performed under one roof. The cold-forming capability ranges from 5mm to 20mm diameter in lengths up to 152mm, while precision turning handles diameters from 5mm to 41mm for lengths up to 150mm. Secondary operations including thread rolling, knurling, milling, broaching, de-burring, and sorting complement the primary manufacturing technologies. The product line serves automotive and various other industries with applications in hood hinges, brake systems, door latches, power seat/pedal adjusters, and window regulators.

Differentiator

Problem solved

Functional benefit

Products and services

• Rivets & Pins

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Chicago Rivet & Machine Co.coreOthersH&L Tool Company is a subsidiary of Chicago Rivet & Machine Co. This parent-subsidiary relationship provides H&L Tool with corporate backing and alignment with a established manufacturing company.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ajax Manufacturing Company: Erie, Pennsylvania-based precision screw machine products manufacturer producing turned parts, fasteners, and custom machined components. Directly comparable to H&L's Acme Gridley-based precision turning operations and similar automotive/industrial customer mix.
• Chicago Rivet & Machine Co. The publicly traded parent of H&L Tool Company and itself a manufacturer of rivets, screw machine products, and cold-headed parts. Operates in the same end markets (automotive, industrial) with overlapping product categories (rivets, fasteners, custom cold-formed parts), making it the most directly comparable peer.
• PennEngineering (PEM): Global manufacturer of precision engineered fasteners and installation technology, including self-clinching fasteners, captive screws, and broaching products produced via cold-forming and screw machining — directly overlapping H&L's core technologies and automotive/industrial customer base.
• Lewis Bolt & Nut Company: Manufacturer of cold-headed and precision machined fasteners, including anchor bolts, hex bolts, and specialty threaded products. Overlaps with H&L's cold-heading capability and serves construction, industrial, and infrastructure end markets.
• National Cold Heading: Specialty cold-heading and cold-forming manufacturer producing fasteners, rivets, and custom formed components. Directly comparable to H&L's cold-heading capability and automotive/industrial customer mix.
• Tranter Manufacturing: Manufacturer of cold-formed and machined specialty parts, including fasteners, fittings, and custom components. Comparable to H&L in dual cold-forming/machining capability and serving similar industrial/automotive markets.
• Holo-Krome (Westport Corporation): Manufactures precision socket head cap screws, hex keys, and high-strength fasteners using cold-heading and precision machining processes. Comparable to H&L in dual cold-forming/precision machining capability and in serving industrial OEM customers requiring tight-tolerance fasteners.
• Master Automatic Inc. Michigan-based precision screw machine products manufacturer producing custom turned parts for automotive, fluid power, and industrial markets. Comparable to H&L's precision turning capability, geographic footprint (also Michigan), and automotive customer concentration.

Broad incumbents

• ITW (Illinois Tool Works): Large diversified industrial manufacturer with a global automotive fasteners segment that overlaps with H&L's safety-critical fastener business. Not a direct specialty competitor in screw machine products, but represents the broad-incumbent competitive pressure on smaller specialty fastener manufacturers for Tier-1 OEM programs.

Regional players

• Weetman Engineering: UK-based precision turned parts manufacturer serving automotive and industrial customers. Comparable to H&L in precision turning capability and automotive customer base, but operates primarily in Europe rather than North America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 H&L Tool Company