Special Products & MFG., Inc.
Special Products & MFG., Inc. - Rockwall, TX
Not far outside of Dallas, family-owned Special Products &; MFG., Inc. (SPM) has grown a lot over the more than fifty years since its founding. Despite its humble beginnings working out of a garage, today the business employs more than 200 workers operating out of a 140,000 square foot state-of-the-art factory. There, SPM specializes in precision metal fabrication, creating parts and products that many consumers use in their everyday lives.
Over the past several years, SPM has seized opportunities to expand their business into the world marketplace. From Europe to South America, SPM has designed and is exporting products ranging from new and improved gas station pumps to large steel enclosures for drill rig drives, and is actively developing new global prospects that will provide increased growth potential for its operations here in the United States.
SPM also supplies many larger companies, like GE, Caterpillar, and Baker Hughes. This work made up some 60% of their $36.5 million in business last year, and a significant portion of that came from international deals. SPM knows that the Export-Import (Ex-Im) Bank is critical to ensuring that U.S. companies remain globally competitive in order to secure those types of deals that are such an essential part of its business.
“The future of American manufacturing is in jeopardy of being seriously hurt if the Ex-Im Bank is not reauthorized,” says Ed Grand-Lienard, the Chief Operating Officer of SPM and son of its founder, who will be visiting Washington, D.C. later in February to share his story with policymakers. “After the great rebound we’ve seen in the economy over the past several years, now is not the time to be putting small businesses like ours in distress and jobs at risk, and that’s exactly what will happen unless we keep Ex-Im.”