GENERAL KINEMATICS ANNOUNCES THEIR ACQUISITION OF FOUNDRY EQUIPMENT COMPANY
February 2, 2021- General Kinematics, a vibratory equipment manufacturer and system integrator located in Crystal Lake, Illinois, announced their acquisition of Foundry Equipment Company, located in Stanwood, Iowa. This acquisition solidifies General Kinematics’ position as a premier foundry system integrator that offers quality, cutting-edge, and cost-effective turn-key foundry solutions.
For more than sixty years, General Kinematics’ extensive experience as a world-class equipment provider has made GK the leading equipment manufacturer in the foundry market. GK’s unparalleled knowledge, experience, and long-standing relationships with other equipment suppliers pairs well with FECo’s 41 years of experience as industry-leading foundry system integrators. GK’s continued focus will be to provide unmatched service and customer satisfaction by delivering turn-key foundry systems.
“This transaction demonstrates our ongoing commitment to strategic investment in resources to ensure we have the required ability and capacity to efficiently provide the best products and service for our customers in this ever-changing global business climate.” Said John Koufis, Chief Financial Officer of General Kinematics.
Tom Musschoot, General Kinematics president, continued: “We are excited to have FECo join General Kinematics to solidify our GK Systems team. FECo has the same commitment to quality and customer satisfaction that General Kinematics provides and will be a great addition to our existing group of experienced foundry experts.”
Terry Krob, Foundry Equipment Company president, added:
“We are excited and proud to join the General Kinematics’ team. The national presence, industry leadership, and extensive General Kinematics resources, combined with our company’s 40+ years of foundry systems experience, will provide many growth opportunities to expand our combined customer-oriented services to customers throughout North America.”
About General Kinematics
General Kinematics Corporation, incorporated in 1960, was established to market, design, and custom fabricates innovative vibratory materials handling and processing equipment. Today the company is one of the world’s largest suppliers of vibratory processing equipment, having held more than 200 worldwide patents, and is acknowledged as a major contributor to the technical advancement of vibrating equipment design and application. General Kinematics serves a worldwide customer base through a network of engineering-oriented independent sales representatives who cover major industrial markets throughout the United States. International markets are serviced from subsidiary operations and through a combination of representatives, licensed manufacturers, and strategic alliances with leading industry-specific organizations in other strategic locations. Today, more than 50,000 General Kinematics units have been installed in virtually all of the world’s industrialized countries. As new process and efficiency challenges emerge, General Kinematics is uniquely qualified to address these needs with advanced technology, innovative engineering, new materials, and manufacturing techniques… all applied to improving customer productivity and profitability while meeting ever more stringent requirements. Today, GK knows no limit in our ability to provide a broad level of engineering support and capacity that other companies cannot offer. We bring a 360-degree view to the whole process picture, often supplying engineering resources our customers do not have or do not wish to fund internally.
Source: General Kinematics
- EU - CASTING PRODUCTION 2025
- Foundries and circular economy
- Ford to invest $1 billion to upgrade South Africa operations
- Series production improves to 2.7 million Engine Equivalents in January
- CAEF: SIGNIFICANT INCREASE OF SCRAP PRICES BURDENS FOUNDRY INDUSTRY
- Astonishing growth in Investment Casting Market is thriving worldwide by top key players
- China's Exports Up Despite Virus
- Enhancing talents attraction and retention
- See all News