Formtek Maine

What Formtek Maine does

Formtek Maine operates a dedicated 85,000 sq ft manufacturing facility in Clinton, Maine, producing high-performance coil handling and processing equipment for the metal stamping, fabrication, and roll-forming industries. The company's product portfolio is organized around five core brand families housed at the Clinton site: Cooper-Weymouth, Peterson (CWP) for coil handling and servo feeds; B&K Levelers for precision backed-up roller levelers; Rowe Machinery & Manufacturing for press feeding and cut-to-length lines; Iowa Precision (Coil Metal Processing Division) for flexible fabrication and automated coil-processing systems; and CoilMate/Dickerman for pallet decoilers and lighter-gauge press feeding equipment. Technology centers on electromechanical systems including AC and DC servo feeds, the IQ2000 control platform with up to 999-job capacity and +/- .001 inch in-motion micro adjust, calibrated straightener rolls, multi-roll (4-, 5-, or 6-high) levelers, and integrated press feed lines. All CWP equipment and equipment manufactured at Clinton is backed by an industry-leading 2-year warranty.

The business operates a direct enterprise field-sales model with named representatives for new machine sales (Craig Derosby, Kelli Lang), parts (Dennis Weymouth), and service (A.J. Barter). Revenue is generated through three streams: hardware sales of new equipment and parts, quote-based professional services covering installation, start-up, preventative maintenance, retrofits, turnkey installation, 24/7 emergency repair, and factory-certified training, and aftermarket service billings (including premium rates for weekend/holiday work). Customers are primarily metal stamping and manufacturing firms, with secondary reach into HVAC (via Lockformer roll forming) and fenestration (via Winpro). Service technicians are dispatched globally, and the broader Formtek Group maintains additional service locations in Chicago, Cleveland, Cedar Rapids, and Formtek Europe SARL in Villars-sur-Glane, Switzerland.

Formtek, Inc. — the parent entity of Formtek Maine — is a wholly owned subsidiary of Mestek, Inc., a diversified industrial conglomerate. The Formtek Group encompasses additional registered brands such as Dahlstrom, Lockformer, Yoder Manufacturing (founded 1910), Tishken (founded 1921), FMI/Dahlstrom, Winpro, Engel Industries, Hill Engineering, and Lion Machinery, providing cross-sell and integration potential across the metal forming and processing value chain. The company is privately held, headquartered in Maine, and does not disclose revenue or financial details.

Name

Formtek Maine

Legal name

Formtek, Inc.

Website

https://formtek-maine.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Formtek Maine manufactures coil handling and processing equipment — servo feeds, levelers, cut-to-length lines, and flexible fabrication systems — under brands CWP, B&K, Rowe, Iowa Precision, and CoilMate/Dickerman, serving metal stamping, HVAC, and fenestration manufacturers from its 85,000 sq ft Clinton, Maine facility as a division of Formtek, Inc. (subsidiary of Mestek, Inc.).

Ownership category

akta.pro rank

Product category

Coil Handling & Metal Processing Equipment

NAICS

Machine Tool Manufacturing (333517)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

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

akta.pro secondary industry

Welding, Fabrication & Field Machining Services (On-site) (IMAIACAD)

Keywords

• Coil processing equipment
• Metal forming machinery
• Press feeding systems
• Precision levelers
• Cut-to-length lines

Headquarters

HQ city

Clinton

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Manufacturing and Sales: Formtek Maine manufactures and sells high performance coil handling and processing equipment including servo feeds, straighteners, payoff reels, pallet decoilers, precision levelers, integrated press feed systems, cut-to-length lines, and flexible fabrication systems through multiple brand families (CWP, B&K, Rowe, Iowa Precision, CoilMate/Dickerman).
2. Parts Sales: Dedicated parts sales operation with Dennis Weymouth as Parts Sales contact. Parts order form available for customers to order replacement components.
3. Professional Services: Comprehensive service offerings including 24-hour emergency service, factory assisted installation, supervised start-up, turnkey installation, preventative maintenance, site audits, factory certified training, and retrofits/rebuilds. All services quote-based with travel and expenses invoiced.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Formtek Maine manufactures high-performance coil handling and processing equipment and systems, including servo feeds, straighteners, payoff reels, pallet decoilers, precision levelers, integrated press feed systems, cut-to-length lines, and flexible fabrication systems. The company operates an 85,000 sq. ft. manufacturing facility in Clinton, Maine housing multiple brand product lines (CWP, B&K Levelers, Rowe Machinery, Iowa Precision, CoilMate/Dickerman). It also provides comprehensive after-sale services including 24-hour emergency repair, installation, startup, preventative maintenance, and factory-certified training.

Product overview

Formtek-Maine is a manufacturer of high-performance coil handling and processing equipment and systems, operating as part of the Formtek Group. The company offers a portfolio of products organized around core equipment categories: servo feeds, straighteners, payoff reels, pallet decoilers, precision levelers, integrated press feed systems, cut-to-length lines, and flexible fabrication systems. These are distributed across five main product brands: Cooper-Weymouth, Peterson (CWP) for general coil handling and servo feeds; B&K Levelers for precision corrective levelers and the Supermill System; Rowe Machinery & Manufacturing for cut-to-length lines; Iowa Precision for automated coil-processing and flexible fabrication; and CoilMate/Dickerman for pallet decoilers and lighter gauge applications. The company backs its equipment with a 2-year industry-leading warranty and provides comprehensive after-sale services including 24-hour emergency repair, installation, start-up, turnkey installation, preventative maintenance, site audits, factory certified training, and servo feed control retrofits/rebuilds.

Differentiator

Problem solved

Functional benefit

Brands

• Cooper-Weymouth, Peterson (CWP): Leading manufacturer of coil handling equipment and systems, servo feeds, and cut-to-length lines for the metal working industry.
• B&K Levelers
• Rowe Machinery & Manufacturing
• Iowa Precision
• CoilMate/Dickerman

Products and services

• Cooper-Weymouth, Peterson (CWP) Coil Processing Equipment
• B&K Levelers
• Rowe Machinery & Manufacturing Cut-to-Length Lines
• Iowa Precision Automated Coil-Processing Systems
• CoilMate/Dickerman Pallet Decoilers and Press Feeding Equipment
• Servo Feeds

Quantifiable outcome

• Industry leading 2-year warranty on all equipment
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Fives Group: Global industrial engineering group with metals processing, including coil processing equipment and finishing lines. Serves as a broad incumbent in the metal processing equipment space.
• Danieli Group: Major global supplier of equipment for the metals industry, including processing lines and downstream equipment. Competes at the higher end of integrated coil processing installations.
• Andritz AG: Large industrial machinery group serving metals processing (including coil processing and strip processing). Overlaps with Formtek Maine's metal forming capabilities as part of a much broader industrial portfolio.

Direct peers

• Red Bud Industries: Manufacturer of cut-to-length lines, multi-blanking lines, and coil processing equipment. Directly comparable in product offering, end market (metal stamping), and capital equipment sales model.
• Atlas Technologies (formerly Braner USA): Provides coil slitting, cut-to-length, and coil processing equipment to metals processors and stampers. Directly competes with CWP, Rowe, and Iowa Precision product lines.
• PRO-ECO Limited: Designs and builds coil processing lines, including cleaning, leveling, and cut-to-length systems. Closely comparable product category and customer profile.
• Herr-Voss Stamco: Direct competitor in coil processing equipment, cut-to-length lines, precision levelers, and tension leveling systems serving the metal stamping and processing industry. Closely comparable product portfolio and customer base.
• Delta Brands / Ohio Metal Processing: Provides coil processing equipment, slitting lines, and cut-to-length systems. Competes in the same metal stamping and processing equipment category.
• Rafter Equipment Corporation: Manufacturer of roll forming and coil processing equipment for metal stamping and tube/pipe production. Overlaps with Yoder, Lockformer, and Tishken Formtek brands.
• Samco Machinery: Manufacturer of roll forming equipment, tube mills, and coil processing machinery serving similar metal forming and fabrication customers. Comparable in product and channel approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/formtek-maine

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 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 Formtek Maine