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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 Ford stamping plant...
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 barriers the Detroit...
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
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 company is...
Detroit’s Ideal Group CEO receives one of Mexican government’s highest honors
DETROIT, MI – Thirty four years ago Frank Venegas, Jr. won a Cadillac in a car draw, sold it nine days later and started Ideal Steel. Today, he is chairman and CEO of Ideal Group, a $200 million multi-tiered company that employs 250 people in Southwest Detroit. And...
Trusses in place for Little Caesars Arena atrium
Iron Workers Local 25 and Detroit-based Ideal Contracting LLC finished work on steel trusses that span the walkway surrounding the Little Caesars Arena bowl, The District Detroit announced Thursday. Installation of the trusses started the week of Feb. 1, with crews...
Steel Ballistic Barrier Delivered in Tampa
Ideal Utility Services (IUS) has developed and produced the Ideal Group’s first steel ballistic barrier, which is also the first of its kind. As most T&D World subscribers probably know, the North American Electric Reliability Corporation (or NERC) mandated the...