Rexnord acquires Precision Gear Holdings
Rexnord has acquired Precision Gear Holdings, which includes operating subsidiaries Merit Gear, Antigo, Wis., and Precision Gear,Twinsburg, Ohio.
PGH has approximately 190 employees and annual net sales of approximately $45 million.
Merit Gear is a build-to-print manufacturer of gearing and specialized gearboxes primarily for the North American oil and gas market, along with other diversified industrial markets. “Merit’s capabilities and offering are highly complementary to our core Falk product line,” said Dean Vlasak, Rexnord vice president, Innovation and Energy. “This acquisition presents the opportunity to enhance the value and breadth of solutions we can bring to Rexnord and Merit customers. Moreover, Merit strengthens Rexnord’s presence in key oil and gas markets and brings strong relationships with leading OEMs and drillers.”
Precision Gear is a manufacturer of highly specialized gears primarily serving the aerospace market, along with various other industrial markets. “Precision Gear represents ongoing strategic investment into Rexnord’s aerospace product portfolio within its Process and Motion Control platform,” said Darryl Mayhorn, president, Rexnord Aerospace. “We are excited with this expansion of our aerospace gear manufacturing capabilities as well as the additional products and services the Precision team brings to better serve our existing customers.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
