Freudenberg-NOK General Partnership Expands Offerings in the Rubber Diaphragm Markets through the Acquisition of the Assets of Precision Industries Corporation
PLYMOUTH, Mich., Oct. 31 / -- Freudenberg-NOK General Partnership announced today that it has acquired the assets of Precision Industries Corporation of Germantown, Wisconsin, a developer and manufacturer of specialized custom diaphragms. This acquisition provides Freudenberg-NOK with the desired fabric reinforced diaphragm capabilities in North America, as well as on a global basis with its partners in Europe and Japan. Terms of the agreement were not disclosed.
Precision Industries Corporation was established in 1986 as a manufacturer of high quality diaphragms, specializing in fabric-reinforced diaphragms for small engines, fuel systems, irrigation, gaseous fuels, pneumatic controls and medical regulators. In addition, Precision routinely develops custom diaphragms for use in industries requiring certifications such as UL, FDA, NSF, DoD, CSA and a variety of other regulated standards.
Precision's product capabilities include custom diaphragms made of rubber, rubber-fabric combinations, and specialty materials as well as die-cut diaphragms and gaskets from coated fabrics. The company's designs also encompass insert-molded diaphragms, and over-molded diaphragms, but their distinction is assembling specialized diaphragms. Using state-of-the-art equipment, including PLC controlled presses, 3-D modeling systems, and robust manufacturing software; they optimize processes to bring customers diaphragm solutions, which are both robust and cost-efficient.
John Plant, owner and president, established Precision Industries as a strong and focused supplier of specialty diaphragm products for general industry markets. Plant will continue with Freudenberg-NOK through a transition period. Eric Weber, currently vice president of operations, sales and marketing, will manage the operations at the Germantown facility for Freudenberg-NOK.
"Freudenberg-NOK has a goal to grow in the specialty diaphragm market and this acquisition reflects our commitment to that vision," said Dr. Jorg Schneewind, general manager of the Special Sealing Products Division. Schneewind continues, "With the addition of Precision Industries' expertise, as well as that of our European and Japanese Diaphragm Division, we will employ the most advanced diaphragm technology currently available to meet our customers' needs in North America and Worldwide."
Founded in 1989, Freudenberg-NOK General Partnership based in Plymouth, Michigan, is known as the world-leading manufacturer of precision-manufactured products for a variety of markets, including automotive, aerospace, appliance, diesel engine, agriculture and construction, marine, healthcare and medical, off-highway equipment, oil and gas, recreational vehicles and semiconductor markets. This acquisition will allow Precision Industries to expand their reach into these markets, while leveraging the financial resources and extensive manufacturing and R&D expertise of Freudenberg-NOK. As part of Freudenberg-NOK, Precision Industries will continue to develop and manufacture high quality diaphragms at the Germantown facility located at W194 N11695 McCormick Drive.
Freudenberg-NOK General Partnership is the Americas joint venture between Freudenberg and Company in Germany and NOK Corporation in Japan. Together, Freudenberg and NOK Group Companies make up the world's largest producer of elastomeric seals and custom molded products. Freudenberg-NOK General Partnership has annual revenues of approximately $1 billion. For more information, visit the Freudenberg-NOK website at www.freudenberg-nok.com.
Source: Freudenberg-NOK General Partnership
CONTACT:
Becky Schloff
Corporate Public Relations and Marketing Specialist, for Freudenberg-NOK General Partnership
+1-734-354-5351
Becky.Schloff@fngp.com
Web site: www.freudenberg-nok.com/
