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PRESS RELEASE
Issued by:

George Industries acquires Numerical Precision
Wednesday, 17 January 2018

George Industries LLC, a leading designer and manufacturer of engineered aerospace, defense and industrial components and portfolio company of Orangewood Partners, today announced it has acquired the assets of Numerical Precision from QCC, LLC. The acquisition of NP enhances George Industries' engineering and machining capabilities including complex geometry and exotic material machining.

Based in Wheeling, IL, NP has a 50 year history of manufacturing close-tolerance, high reliability components for satellites, aircraft and other aerospace and defense programs. NP will operate as a division of George, continuing its focus on engineering and machining excellence. NP's management team and employees will all continue with the company going forward.

Shankar Kiru, CEO of George Industries, stated, "The acquisition of Numerical Precision represents an important step for the business as we continue to execute on our strategic plan to grow both organically and through acquisition to better service our customers. NP's expertise in complex machining, including 5-axis, wire and sinker EDM and large turning capabilities complement George's core capabilities in brazing and support services. As a combined company, we have an even stronger position as a leading full-service provider for our growing customer base."

Ron Rygiel, Vice President and General Manager of Numerical Precision, said, "This is an exciting day for Numerical Precision and our talented employees. We look forward to working closely with Shankar Kiru and the George Industries team to deliver world-class service while maintaining our tradition of uncompromising quality. I am delighted to continue with NP and help the overall sales growth in this very important aerospace and defense industry. "

Alan Goldfarb, Founder and Managing Partner of Orangewood added, "We enjoyed working with QCC on this transaction and are thrilled to welcome Numerical Precision and its great team to George Industries. NP shares George's culture of commitment to quality and customer service and is a fantastic complement to George as we continue to build our growing customer base and capabilities."

Contact details from our directory:
George Industries, LLC Brazing, Machining Services, Fabricating Services, Laser Cutting, Precision Machined Parts
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