Precision Surfacing Solutions Announces the Acquisition of KEHREN GmbH
MOUNT PROSPECT, Ill.--(BUSINESS WIRE)--Jan 4, 2019--Precision Surfacing Solutions, a leading global supplier of equipment and services for precision lapping, polishing, grinding, and honing, announced today that it has acquired KEHREN GmbH, a provider of machine tools and systems for high-precision grinding applications based in Hennef, Germany.
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“KEHREN was founded in 1934 so this acquisition will contribute another long established and well recognized precision machine tool brand to the Precision Surfacing Solutions product portfolio. We look forward to the opportunity to introduce the KEHREN product line to the over 9,000 existing active global PSS customers, particularly those in North America and Asia,” said Brian Nelson, President and CEO of Precision Surfacing Solutions. “KEHREN also has a very complementary industrial customer base and will provide us with significant opportunities to cross-sell other PSS products. Finally, this acquisition also helps to diversify our customer base, offering further exposure to the aerospace, bearing, and industrial machine tool segments. We are very excited to have KEHREN join our Group.”
Kelly Cavitt, Group Chief Financial Officer of PSS added, “The acquisition of KEHREN in Hennef further expands our German manufacturing presence and will represent our fifth location in addition to our existing Rendsburg, Aschaffenburg, Fulda, and Babenhausen facilities. As always, we feel that our Group resources and scale will create significant synergies and cost saving opportunities at KEHREN, particularly for raw material and machine components.”
PSS Group Chief Technical Officer, Brett Rosenthal, further commented, “The addition of KEHREN provides significant technical and application resources that will further strengthen our global technical team. I look forward to working with the KEHREN team.”
Precision Surfacing Solutions has solved the most challenging precision surfacing problems. With hundreds of years of experience within each of our brands, PSS has a proven history of successfully developing cost effective processing solutions for virtually any application. Terms of the acquisition were not disclosed.
About Precision Surfacing Solutions (PSS)
PSS is an industry leader in the development of technology to produce micron accuracy surface finishes. Under the well recognized Lapmaster, Peter Wolters, ELB, Micron, Aba, and REFORM brands, PSS has a proven history of successfully developing cost effective processing solutions for the lapping, polishing, fine grinding, brush deburring, creep feed grinding, bore honing, double disc grinding, buffing through an expanding network of sales and services offices located throughout the world. The Company’s 9,000+ active global customers utilize precision abrasive finishing technology for various end-user precision finishing applications. PSS is headquartered in Mt. Prospect, IL, employing over 900 people across twelve manufacturing facilities on three continents. For more information, visit .
About KEHREN GmbH
KEHREN is a well-established designer and builder of high-precision grinding machine tools and systems under the following categories: vertical grinding centers (Ri, RiD), vertical grinding centers with portal design (RP), surface grinders with rotary tables and horizontal spindles (RS), and surface grinders with dual rotary tables (D) and vertical spindles. The company was founded in 1934 and is based in Hennef, Germany. For more information, visit .
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CONTACT: Kelly Cavitt
Chief Financial Officer
Precision Surfacing Solutions
501 W Algonquin Road
Mount Prospect, IL 60056Phone: 1-224-659-7105
KEYWORD: UNITED STATES MEXICO EUROPE NORTH AMERICA CENTRAL AMERICA CANADA ILLINOIS GERMANY
INDUSTRY KEYWORD: ENERGY COAL OIL/GAS OTHER ENERGY MANUFACTURING AEROSPACE AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS ENGINEERING OTHER MANUFACTURING AUTOMOTIVE NUCLEAR GENERAL AUTOMOTIVE
SOURCE: Precision Surfacing Solutions
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PUB: 01/04/2019 12:47 PM/DISC: 01/04/2019 12:47 PM