A Drive for Diversification

A Drive for Diversification

Author: Vince Bond, Automotive News. DETROIT – Frank Venegas Jr.’s family roots trace to Ford, but a Cadillac changed his life. His grandparents immigrated to Detroit from Mexico in 1917, lured by Ford’s $5-a-day jobs. His grandfather worked at a...
Ideal Group Builds Business by Trying New Things

Ideal Group Builds Business by Trying New Things

Author: Chad Livengood, Crain’s Detroit Business About eight years ago, Ideal Group’s Loren Venegas took a dozen of his family-run company’s Ideal Shield plastic-sleeved bumper posts to a sales pitch meeting with Huntington Bank. Most of the steel...
Shop Renovations Kick Off the New Year

Shop Renovations Kick Off the New Year

With the start of every new year comes a new slate and new opportunities. At Ideal Steel, to kick off 2018, we’re planning on taking advantage of the new year by making some large and important shop renovations. Looking to streamline the production flow, increase...
Dad, children find success in old- and new-economy ventures

Dad, children find success in old- and new-economy ventures

Detroit-based Ideal Group Inc. has seen recent growth from the recovery through founder Frank Venegas Jr.’s old-economy customers and some successful new-economy ventures headed by two of his children.The family-owned manufacturing and construction services...