Hartfiel Automation Acquires Fiero Fluid Power

Hartfiel Automation Acquires Fiero Fluid Power TechDriod.com Website.png

Hartfiel Automation has acquired Fiero Fluid Power. Since its founding in 1984, Fiero Fluid Power has provided excellent pneumatics, automation, motion control, robotics, and instrumentation products to customers throughout the Rocky Mountain area.

From its Denver, Colorado and Salt Lake City, Utah locations, Fiero Fluid Power serves Colorado, Utah, Wyoming, and eastern Nevada.

Fiero Fluid Power President and CEO Michael T. Brooks said:

I’d like to express my sincere gratitude to the 53 dedicated individuals that have made Hartfiel Automation what it is today. From four members in the early ’80s, our presence has grown exponentially in an incredible 60 years of business. The journey has been long and certainly filled with its challenges, yet incredibly rewarding as we opened up new markets, gained loyal customers and vendors along the way. Rest assured, our team will continue working hard to serve you all under the Hartfiel banner for many years to come. Wishing you a happy new year!

Hartfiel Automation CEO Myron Moser said:

Having known Mike Brooks and his company since 1990, I have been a friend and colleague in the MDN for many years. Mike Brooks and his leadership team have built a successful company filled with talented people. I’m excited to have them on board, and together we will write the next chapter in Fiero’s success.”

Hartfiel Automation President Patrick L. Schusted observed:

With a strong customer-centric culture, Fiero Automation will be well positioned to service the Rocky Mountain Region and expand. Through our 9 sales locations, Hartfiel Automation and Fiero Automation will continue to provide Innovative Automation Solutions to customers in 19 States.”

Fiero Automation will be the name of the new entity.

The Hartfiel Automation Company has been providing pneumatics, motion control, and mobile control solutions for over 60 years. With the addition of hydraulics, aluminum extrusions, robotics, and automation solutions, Hartfiel Automation has continued to diversify its services. For more information, please visit us online at www.hartfiel.com.

Hartfiel Automation and Omron Automation welcome a new partnership

In a recent announcement, Omron Automation Americas and Hartfiel Automation announced a strategic partnership in which Hartfiel will become an authorized Omron distributor.

A new business partnership has been formed between Omron Automation Americas and Hartfiel Automation, two leaders in the automation industry. With its expertise in industrial automation, Hartfiel will become an authorized distributor of Omron products in the Southeast region, helping customers maximize profits through innovative automation solutions.

Those two companies have extensive expertise in advanced sensing, robotics, and other key solution categories, so this partnership draws upon their strong alignment in automation portfolios. Hartfiel Automation will specialize in vision, collaborative robots, and industrial control solutions as an Omron distributor.

Having another highly advanced partner in the Southeast market will allow Omron to bring our technologies and solutions to the market. According to Mark Sadie, Vice President of Sales at Omron Automation Americas, Hartfiel’s proven success in automation will add value to our products and services. In this collaboration, we hope to expand our business to new customers and contribute to a better society.

Hartfiel’s Regional Sales Manager, Chris Bernard, is also enthusiastic about the new partnership. “This partnership will launch us into new markets and help our customers increase profits,” he said.

Hartfiel Automation – What we do

In the field of pneumatics, motion, and mobile control, Hartfiel Automation has been providing high-tech solutions for more than 60 years. By expanding its product offering to pneumatics, aluminum extrusion, robotics and automation, Hartfiel Automation has continued to diversify its service. Visit us online at www.hartfiel.com to learn more about Hartfiel Automation.

About OMRON Corporation

OMRON Corporation, established in 1933, has become a global leader in the field of automation through its “Sensing & Control + Think” core technology. It offers a wide range of products and services to customers in 117 countries worldwide, ranging from industrial automation and electronic components to automotive electronic components, social infrastructure systems, healthcare, and environmental solutions. OMRON promotes manufacturing innovation by providing advanced automation technologies and products with extensive customer support – contributing to the creation of a better society. For more information, please visit: https://www.omron.com/

A 401(K) PROFIT SHARE PLAN FOR HARTFIEL AUTOMATION, INC.

The 401(K) PROFIT SHARING PLAN at Hartfiel Automation, Inc. is a DEFINED CONTRIBUTION PLAN. A defined amount is contributed to each Participant’s account by either the participant or the employer. Employee Stock Ownership Plans (ESOPs), Savings Plans, and Profit-Sharing Plans are examples of these types of plans.

A Qualified Domestic Relations Order (QDRO) is used to award a portion of the Participant’s account balance in this type of plan. This can be expressed as either a percentage or with a specific dollar amount. A separate account for the Alternate Payee will be established, allowing them to access the same investment opportunities available to other participants in the Plan. The Alternate Payee may opt for an immediate lump sum distribution or withdraw upon approval of the QDRO, or they can transfer the funds to another tax qualified account such as an Individual Retirement Account (IRA). To avoid any adverse tax consequences, an Alternate Payee ought to consult a tax professional before making any transfers or withdrawals.

The HARTFIEL AUTOMATION, INC. 401(K) PROFIT SHARING PLAN may include the following features:

1. It is a profit-sharing plan, in which employer contributions are variable and are determined by a portion of company profits.

2. Participants may direct the investment of their retirement accounts under this Plan.

3. It is a deferred compensation plan described in Code section 401(k) that allows employees to elect whether to defer part of their compensation or receive this amount in cash.

4. This is a plan in which employee contributions are allocated to separate accounts under the plan, or employer contributions are based on employee deferrals or contributions.

5. The plan provides for total or partial participant-directed account(s). In other words, the plan provides a default investment account for participants who fail to direct assets.

6. Employees are automatically enrolled in this plan, and payroll deductions are made for elective contributions

NOTICE OF DISCLAIMER

The Plan features and descriptions presented are only examples and general descriptions of a particular type of plan. For a detailed description of the specific terms and options for each Plan in question, participants and alternate payees should ALWAYS review the applicable Summary Plan Description.

This page contains the most recent tax filings for the Plan. The terms of a specific plan may have changed since the most recent available tax filing, and as a result, these descriptions and features may not be current. SimpleQDRO makes no representations regarding the accuracy of these descriptions.

 

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