THE GUND COMPANY IS A THIRD-GENERATION FAMILY BUSINESS.
Our roots in the electrical industry run back five generations, to Bussmann Manufacturing Company’s founding by Al Bussmann, Sr., the great-grandfather of our President, Stephen Gund.
The Gund Company was established in 1951 by Ed Gund, with Paul Gund joining in 1963. Al Bussmann Sr. had counseled young Paul Gund to study chemical engineering to understand the future of materials technology. The business started as a manufacturer’s representative organization. Ed and Paul listened to customers’ needs, requesting better service and faster delivery. The Gund Company moved into material distribution with a stocking facility closer to our Midwest customer base.
Over the past 70 years, The Gund Company has grown into one of the largest manufacturers and fabricators of composite materials, thermoplastic materials, and elastomeric materials. The Gund Company now has 12 manufacturing locations in five countries. Our application engineering focus strengthens as we take our materials and fabrication expertise into more markets.
Although The Gund Company has experienced significant growth in recent years, the Gund family’s management philosophy of “Satisfy the Customer!” has not changed. We will satisfy our customers completely with a sense of urgency to demonstrate our appreciation for our relationship.
Ed Gund marries Charlotte Bussman and joins the family business running the fuse production plants and then the R&D division.
Ed Gund leaves the Bussmann Fuse R&D division to start the E.P. Gund Co.
Paul graduates as a Chemical Engineer, joining Ed as the second generation in the family business.
The Gund Company, Inc. is established and starts expanding into material distribution and fabrication.
The 3rd generation (Steve and Rich) join the company.
The Gund Company enters a period of organic and acquisition growth and begins to integrate into composite materials manufacturing.
TGC expands composite materials manufacturing capabilities and international locations in Canada, Mexico, and China.
The Gund Company continues to expand its product lines and markets.
The Gund Company bases our business philosophy on providing value to the customer.
To better define what constitutes value to the customer, The Gund Company uses the formula below to guide our daily actions.
WHILE THE VALUE FORMULA CANNOT PRODUCE A SPECIFIC, MEANINGFUL NUMBER, IT SHOWS US THE MATHEMATICAL RELATIONSHIP BETWEEN VALUE AND ITS CRITICAL COMPONENTS.
- As Quality improves, Value increases.
- As Customer Service improves, Value increases.
- As Cost decreases, Value increases.
- As Cycle Time decreases, Value increases.
- Trust in our Character and Competence is a multiplier increasing the Value received by the customer.
*The Value Equation was created by Roland Boreham, former CEO of Baldor Electric. The Gund Company added the Trust factor to this equation to account for various subjective factors that impact the customer’s perception of value. Trust concepts are more fully explained in Stephen M.R. Covey’s book, The Speed of Trust.
By defining value, we can focus on delivering value. We survey our customers to rate our quality, service, cost relative to the market, and cycle time. We survey, measure, track, and record. We focus on continuously improving these metrics to deliver increasing value over the long term.
Contact us today to request our current customer survey results.
If you would like to partner with a company focused on value, please request a formal presentation at your facility.