DETROIT — Ed Lumm spoke quietly in a conference room at his pristine new plant in Auburn Hills, Mich., where days earlier, friends and customers celebrated with a St. Patrick’s Day open house accented by live Irish melodies and the scent of corned beef.
In relaxed conversation, Lumm revealed financial details of his private company — until he remembered that a reporter sat across the table from him.
“Can you leave that out?” he asked. “I don’t want it to seem like I’m bragging.”
But Lumm, CEO of Shannon Precision Fastener, has something to brag about. Seven years ago, Shannon was faltering when the recession hit. It survived by absorbing the operations of another troubled company.(…)
via How a resilient small bolt maker survived the recession and started shipping to global markets.