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SOUTH BEND, IND. (June 12, 2018) — Schafer Industries, headquartered in South Bend, Ind., proudly announces that the Chief Executive Officer (CEO) of HBM Holdings Mike DeCola is serving as general chairman of the 100th Anniversary PGA Championship, Aug. 9-12, at Bellerive Country Club, St. Louis, MO. HBM Holdings is a privately held investment and management company headquartered in St. Louis which includes Schafer in its diverse portfolio of companies.

DeCola volunteered and was selected by the PGA to chair the centennial milestone of this premier golf tournament. Overseeing it is no small feat. DeCola said his team must rally 5,000 volunteers for the championship and that 85 committees are driving the effort to generate more than $100 million in economic development for the city. No stranger to the work this entails, DeCola previously served as vice-chairman for the 2013 KitchenAid Senior PGA Championship, also held at Bellerive.

So, why was St. Louis chosen to host the PGA’s 100th anniversary championship? DeCola credits several reasons. The “Gateway to the West City” is renowned in golf circles for its hospitality over the years. Bellerive Country Club hosted the PGA Championship in 1992. It was the site of the World Golf Championship in 2001, a U.S. Senior Open in 2004, a PGA Tour Fedex Cup Playoff in 2008 as well as the Senior PGA Championship in 2013. But DeCola believes what tipped the scales was that St. Louis, which ranks as the third most philanthropic city in the U.S., launched the nonprofit PGA Reach in 2013. It was originally founded in St. Louis to keep youth from all socioeconomic backgrounds engaged in school and personal fitness programs and to foster a love of playing golf. The PGA has expanded the program to benefit youth, the military and diverse populations throughout the country.

DeCola has served as CEO of HBM Holdings since his election to the position in 2014. He is also a member of HBM’s board of directors and serves as chairman of the board for HBM Holdings’ five portfolio companies: Aerofil Technology, Inc., Delavau LLC, Mississippi Lime Company, Tru-Flex LLC as well as Schafer Industries.

Schafer Industries was established in 1934 and was acquired by HBM Holdings in 2017. It is a leading producer of high-precision, custom-engineered gears and machined parts as well as assembled axles, transaxles, transmissions, brake assemblies and other components. An ISO 9001:2015 company, it is a diversified supplier to a variety of markets in North America including leisure vehicles, material handling, mining, power transmission, construction, locomotive, aircraft, medical, as well as automotive and heavy-duty truck.

Schafer Industries is headquartered together with an operations facility in South Bend and has manufacturing facilities in Illinois and Ohio. For more information about Schafer and its custom engineering and manufacturing capabilities for precision-cut gears and machined components, go to www.schaferindustries.com. To learn more about HBM Holdings, visit www.hbmholdings.com.

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  • schaferindustries

    Schafer Industries began in 1934 manufacturing high-quality gears as Schafer Gear Works. Today Schafer Industries is a leading producer of high-precision, custom-engineered gears and machined parts as well as axles, transaxles, transmissions, brake assemblies and other components for recreational and off-road applications. This makes us one of the few providers of integrated solutions in the industry.
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  • schaferdriveline

    Schafer Driveline is one of the largest manufacturers of small axles for golf cars and light utility vehicles in the world, delivering reliable and hassle-free performance you can trust. Our staff has been designing and building axles for more than 40 years. And we're producing them right here in America.In fact, Schafer Driveline is the only major golf car axle manufacturer in the U.S.A.
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  • schafergearworks

    Whatever gear or shaft challenge you are facing, we are ready to solve it. For more than 70 years our teams have taken ideas from rough concept through fabrication of prototypes. If the solution you need isn’t already in our portfolio, we’ll design a new one. We can reverse engineer your sample to determine its specifications then reproduce it for you.
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Latest News

HBM Appoints Andy Fincher as President and Chief Operating Officer
10 September 2018

We are pleased to announce that the HBM Board of Directors has approved the appointment of Anderson (“Andy”) Fincher as HBM’s President and Chief Operating Officer.

Andy will assume immediate oversight of HBM’s four portfolio companies; HBM CEO Mike DeCola continues to serve on the Board and will remain responsible for the company’s overall strategy, people and transaction activity during a transition period.

“In my nearly two decades leading Mississippi Lime I have witnessed remarkable transformation and consistent achievement of world-class performance. We advanced this legacy with the creation of HBM Holdings in 2011, and today the values that defined our success for well over a century now span four portfolio companies,” DeCola said. “Andy’s appointment is the culmination of a thoughtful and orderly process by the HBM Board to position the organization for future growth. I am delighted to welcome Andy and work alongside him, and I am confident he is the right person to lead HBM into the next decade and beyond.”

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Schafer Industries, A Portfolio Company Of HBM Holdings, Announces HBM CEO Mike Decola Is Chairing The 100th Anniversary PGA Championship
12 June 2018

SOUTH BEND, IND. (June 12, 2018) — Schafer Industries, headquartered in South Bend, Ind., proudly announces that the Chief Executive Officer (CEO) of HBM Holdings Mike DeCola is serving as general chairman of the 100th Anniversary PGA Championship, Aug. 9-12, at Bellerive Country Club, St. Louis, MO. HBM Holdings is a privately held investment and management company headquartered in St. Louis which includes Schafer in its diverse portfolio of companies.

Read more
Schafer Driveline Earns Yamaha’s Rigorous REVS Supplier Certification
2 April 2018

FREDERICKTOWN, OH (April 2, 2018) — Schafer Driveline, LLC in Fredericktown, OH., recently was awarded the Yamaha REVS Supplier Certification. It is one of five of Yamaha Golf Car Company’s 130 suppliers to have achieved this recognition. To earn the award, Schafer Driveline had to complete a rigorous two-year audit to prove its excellence in lean manufacturing, continuous improvement, quality management systems and advanced product quality planning.

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