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Classified in: Mining industry, Science and technology, Business
Subject: TNM

Designatronics, Inc. Announces Intention to Acquire Wyoming Manufacturing Business Segment of Grobet USA


Grobet USA has agreed to divest its manufacturing facility and business segment in Cheyenne, Wyoming to Designatronics.

HICKSVILLE, N.Y., June 24, 2022 /PRNewswire-PRWeb/ -- Designatronics, Inc., a leader in providing comprehensive mechanical and electromechanical engineered solutions through its brands, Stock Drive Products/Sterling Instrument (SDP/SI), Quality Bearings & Components (QBC), and QTC Metric Gears is pleased to announce that Grobet USA has agreed to divest its manufacturing facility and business segment in Cheyenne, Wyoming to Designatronics. The Wyoming site is a production facility for high-speed steel and carbide burs.

The companies expect to complete the transaction by August 1, 2022. Upon closing, Designatronics will acquire the Cheyenne, Wyoming site's operations and assets, which include property, plant, and equipment as well as a talented workforce with years of technical expertise. The company, rebranded as WYBUR Tools, will continue to manufacture a comprehensive selection of burs (rotary files). Designatronics is planning to immediately invest in the facility expanding production capacity to better serve customers' needs.

"We are excited to add this manufacturing facility to our operations, leveraging its capabilities and experienced employees as they continue to play a key role for customers around the world," said Robert Kufner, CEO, and President, Designatronics, Inc. "We will be making considerable investments to transform the Wyoming facility and its capabilities by adding new machinery, ERP system, and additional manpower to support expansion goals.

About Designatronics
Designatronics, Inc. manages its brands to develop comprehensive mechanical and electromechanical solutions optimizing value in the global markets that are served. Integrated design, engineering, and manufacturing are under one roof. SDP/SI, ISO 9001:2015 + AS9100D certified, provides mechanical-based engineering and manufacturing solutions. 88,000 standard inch and metric small mechanical and electromechanical components are available for fast turnaround. SDP/SI specializes in high-quality machined parts, molded components, synchronous belt drives, precision gears, and subassemblies, offering customized design. QTC METRIC GEARS supplies North America with metric gears and gear products. Bearings and other mechanical components are offered by QBC ? the bearing marketplace. For more information, visit http://www.designatronics.com.

Media Contact

Linda Shuett, DESIGNATRONICS INC, 5163022245, lshuett@designatronics.com

 

SOURCE DESIGNATRONICS INC


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News published on 24 june 2022 at 22:30 and distributed by: