Gleason Acquires LeCount Assets
ROCHESTER, NY, February 28, 2007. Gleason Corporation today announced it has acquired the assets and business of LeCount, Inc. of White River Junction, Vermont, a leading producer of expanding mandrels and other workholding equipment for inspection and machining applications including grinding, sharpening and polishing.
LeCount's products are sold worldwide, and consist of a line of expanding mandrels that are used primarily to hold gears and other parts in precise position for inspection and, more recently, machining applications such as grinding.
John J. Perrotti, President and Chief Executive Officer of Gleason Corporation said "We are pleased and excited to add the well-known LeCount name to our portfolio of products and services for the gear industry worldwide. LeCount products perfectly complement our Gleason-M&M gear inspection and analysis systems, and strengthen our ability to serve our global markets. By leveraging Gleason's leadership in gear technology and our global reach, we believe opportunities exist to greatly expand sales of LeCount products."
Gleason will move LeCount's operations from White River Junction to The Gleason Works, its facility located in Rochester, New York. Certain key LeCount personnel will be retained and relocated to Rochester to assure a smooth transition. Sales and distribution channels will be integrated with Gleason's existing sales offices and representatives in most markets.
Gleason Corporation is the world leader in the development, manufacture and sale of gear production machinery and related equipment. The Company's products are used by customers in the automotive, truck, aircraft, agriculture, construction, power tool, energy, and marine industries and by a diverse set of customers serving various industrial equipment markets. The company, founded in 1865, employs approximately 2,800 people worldwide. Gleason has manufacturing operations in Rochester, New York; Rockford, Illinois; Plymouth, England; Munich and Ludwigsburg, Germany; Bangalore, India; Studen, Switzerland, Harbin and Suzhou, China, and has sales and service offices throughout North America, Europe and in the Asia-Pacific region.
More information about Gleason Corporation is available on the World Wide Web at www.gleason.com
For Further Information, Contact
John J. Perrotti,
President & Chief Executive Officer,
(585) 473-1000,
Gleason Corporation,
1000 University Avenue,
P.O. Box 22970,
Rochester, NY 14692-2970 USA
