Driving ahead Featured

8:00pm EDT June 25, 2008

While Lapeer Industries Inc. has been in business for nearly 35 years, it is just in the last several years that business has really taken off.

The company was founded by Carl Schreiber in 1974 to build turrets for Cadillac Gage — which it still builds today — and eventually, Schreiber’s three sons became involved in the business. In the last couple of years, following buyouts and retirements, Daniel Schreiber was the only family member left, giving him free rein to take the company — a precision machining and fabrication firm that assembles primarily for the defense and aerospace industries — to the next level. Today, Schreiber has majority stock ownership, and the company is known as an industry leader in design, machining and fabrication, and it is dedicated to providing top-quality products.

As president, Schreiber’s strategy was to solidify his existing customer base and build around that pedestal as he pursued other business. But as the business grew, sales and orders outpaced Lapeer Industries’ building capacity. Looking at the situation not as an obstacle but as an opportunity, Schreiber sought out low-cost financing to support additional buildings, machinery and other items to meet sales objectives and customer obligations.

In the next few years, he would like to see the company stabilize its growth while focusing on reinvesting in state-of-the-art technology in manufacturing its armored products. He also plans to engage in larger programs, such as engineering, prototyping and tooling, and in cost-efficient manufacturing.

HOW TO REACH: Lapeer Industries Inc., www.lapeerind.com or (810) 664-1816