United Stars acquires Precision Gears to further expand gear offerings
United Stars Inc. has announced it has acquired Precision Gears Inc., a nearly 100-year old leading producer of custom gears for agriculture, food equipment, power transmission and industrial applications.
The transaction represents another in a long series of similar acquisitions for United Stars over the past three decades, with each of its subsidiaries serving a range of end markets and their blue-chip OEM and Tier 1 customers with precision engineered metal products at the highest quality levels.
"Precision Gears is an excellent addition to the United Stars family in a number of ways," comments Richard Van Lanen, President/COO of United Stars, Inc. "Not only does it extend our gear manufacturing capabilities and applications footprint, but it also offers great synergies with our other businesses for certain key customers and end markets. Above all else, Precision Gears is known for their outstanding quality and overall customer-centric approach, which makes them a perfect fit with the rest of our portfolio. We are very excited about their future potential and look forward to leveraging United Stars extensive corporate resources to help fuel their growth."
Precision Gears becomes United Stars 3rd gear manufacturer, joining United Gear & Assembly (Hudson, WI) acquired in 1996 and Gear Tec (Willoughby, OH) acquired in 2007. Similar to UGA and Gear Tec, United Stars plans to further extend and enhance Precision Gears capabilities through select gear manufacturing equipment investments which complement its skilled workforce.
United Stars will continue to seek out and acquire other leading small to mid-size manufacturers like Precision Gears and develop its portfolio of value-based, engineered product solutions for its fast-expanding global customer base.