LEBANON, Missouri – In an October 26, 2016 press release, Detroit Tool & Engineering announced that it has been obtained by RCD LLC:
RCD LLC, held by industry leading executive Jim Sheldon, announced that it has acquired Detroit Tool & Engineering (DTE Inc.), a world class automation andtooling engineering and manufacturing company. The company was acquired from the St. Louis based private equity firm of Thompson Street Capital Partners. The sale was completed on Friday, September 23, 2016.
Mr. Sheldon is no stranger to DTE Inc. or the industry. He served as President of DTE Inc. between 1998
and 2004, supporting the largest revenues and returns in DTE Inc. history. From 2004 to 2010 Jim
served as the President of ATS, one of the largest worldwide automation companies. His passion and
advocacy for the industry, the employees, and the community has inspired Jim to return to DTE and
The strategic plan associated with this acquisition will reposition DTE Inc. as a prominent company in
both the Factory Automation Systems and Tool & Die Systems industries. “With worldwide c-suite
market and customer base connections, a strong employee talent pool, and an appropriate capital
structure, we plan to reposition DTE as an industry leader and we’ll do this with conviction” said Jim
Sheldon. “I have managed factory automation and tooling companies in many different states and many
different countries but I have never come across a more talented and dedicated group of employees than
here at DTE Inc. within the greater Lebanon community,” the press release said.