G.S. Precision acquires Keene manufacturer
BRATTLEBORO -- G.S. Precision, Inc. on Friday afternoon announced it had completed the acquisition of 100 percent of the stock of Knappe & Koester, Inc.
"I am extremely pleased that we were able to complete this transaction," G.S. Precision CEO Norm Schneeberger stated in a release. "K&K is an outstanding company with an excellent reputation in our industry. The merging of our companies will allow us to provide significantly increased capacity for our customers as well as more diverse manufacturing capabilities. As a combined entity, we are more than 500 employees strong, the majority of whom have significant manufacturing and technical experience. Our facilities total more than 200,000 square feet and we now have more than 220 CNC machines, including 20 5-axis machining centers, as well as in-house special processes, tool manufacturing, and engineering. I look forward to working with both the K&K and GSP teams as we begin the process of integrating our companies."
Knappe & Koester, founded in 1972, is located in Keene, N.H, and currently employs approximately 100 people. Specializing in the machining and assembly of complex components for the aerospace and defense industries, K&K has earned a reputation for quality and value among its customer base.
Founded in 1958, G.S. Precision, Inc. is a global leader in the manufacture of precision components and assemblies for customers that produce aircraft and land-based turbine engines, commercial and military aircraft, missile guidance systems, infra-red optical systems and other "mission critical" devices. The company has headquarters in Brattleboro and additional operations in California and Mexico. Prior to the acquisition, the company had 420 employees serving a world-wide customer base.
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