The Gund Company, Inc. has Acquired PressCut Industries

Combination to Provide Greater Local Service And Expanded Product Offerings for The Gund Company

SAINT LOUIS, The Gund Company announced it has acquired PressCut Industries. The acquisition combines PressCut’s expertise in foams, seals, gaskets, shielding and thermal interface products with The Gund Company’s material manufacturing and fabrication capabilities. The companies’ combined capabilities will support a larger number of markets that utilize similar, vertically integrated materials and products.

“The acquisition of a facility in Texas gives our customers located in the Mid-South region another competitive advantage because they now have access to the same parts and services they’ve grown to count on from The Gund Company within a 1-day ship, said Steve Gund, President of The Gund Company. “The PressCut team also brings leading expertise in parallel markets such as medical, aerospace and commercial/industrial goods. We want to expand upon this tremendous work and broaden their reach to more markets and products. We’re looking forward to working with our new team to continue developing these new and existing products and markets.”

The acquisition of PressCut represents a natural extension of The Gund Company’s core business of manufacturing and fabricating engineered material solutions for power systems. In addition to expanding the number and type of products The Gund Company oers, it also provides another location for customers in the Mid-South region and an introduction to parallel markets that can easily utilize materials and products The Gund Company already produces every day.

About PressCut Industries

PressCut Industries custom fabricates gaskets, seals, o-rings, thermal interface and shielding materials from foam, sponge, felt, cork, rubber, and various other materials. PressCut Industries is an ISO 9000 certied company. For more information, please visit www.thegundcompany.com

About The Gund Company

The Gund Company is an industry leading, vertically integrated manufacturer and fabricator of engineered material solutions for power systems. There are 400 Gund Company employees among 10 locations in eight cities across the United States, Canada, Mexico, and China. The principal headquarters is in St. Louis, MO. The Gund Company is a 3rd generation family owned business that is 30% employee owned.

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For additional information on The Gund Company, PressCut Industries or The Gund Company acquisition of PressCut Industries,please contact marketing@thegundcompany.com