US firm Gund announces acquisition of Power & Composite Technologies
August 16, 2021 - United States Of America
Gund has announced the acquisition of Power & Composite Technologies (PCT). PCT will continue to do business as PCT-A division of the Gund company. The announcement solidifies Gund’s commitment to developing new solutions and bringing high-quality products to its customers. Gund is a US-based manufacturer and fabricator of engineered material solutions.
The PCT production facilities in New Amsterdam, NY, and Xiamen, China, will continue to operate and serve their historical customers while leveraging the expanded composite manufacturing and fabrication capabilities of Gund, according to a press release by the company.
“Since its founding by Larry Jordan and Jerry Meehan, PCT has thrived by custom engineering innovative composite material solutions for power generation, medical, oil and gas, and transit market applications. The companies will bring together their complementary engineering and production capabilities to continue to drive innovative material solutions for our customers,” Gund president, Steve Gund said.
“We believe that our business model’s focus on taking care of each other allows our team to focus on taking care of our customers. As a third-generation family business, we look forward to taking care of our new team of family members at PCT so we can take care of our customers for generations to come,” Gund added.