Core Industrial Partners Portfolio Company Gem Manufacturing Acquires Coining Manufacturing And Precision Machine Products
Core Industrial Partners Portfolio Company Gem Manufacturing Acquires Coining Manufacturing And Precision Machine Products
07/13/23, 10:32 AM
Industry
manufacturing
manufacturing
CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”, and together with Coining, the “Company”), a provider of specialty stamping and machining services, by CORE portfolio company GEM Manufacturing (“GEM”). CORE previously acquired GEM, a provider of precision deep drawn metal components and mechanical assemblies, in February 2023.
Company Info
Company info
Founded in 1950, GEM Manufacturing (“GEM”) is a provider of precision deep drawn metal components and mechanical assemblies for a variety of end markets, including electric vehicle, mining, aerospace & defense and industrials. Headquartered in Waterbury, Connecticut, with a facility in Vietnam, GEM offers vertical transfer and progressive die press stamping as well as CNC and wire electrical discharge machining to manufacture high-precision components from prototyping through high-volume production. For more information, visit www.gemmfg.com.