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Core Industrial Partners Portfolio Company Gem Manufacturing Acquires Coining Manufacturing And Precision Machine Products

PRIVATEJul 13, 2023

Acquiring Company

CGI Automated Manufacturing

Acquired Company

Coining Manufacturing And Precision Machine Products

ManufacturingManufacturing

Description

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”, and together with Coining, the “Company”), a provider of specialty stamping and machining services, by CORE portfolio company GEM Manufacturing (“GEM”). CORE previously acquired GEM, a provider of precision deep drawn metal components and mechanical assemblies, in February 2023.

Quick answer

CGI Automated Manufacturing is acquiring Coining Manufacturing And Precision Machine Products and Precision Machine Products, announced July 13, 2023.

How much did CGI Automated Manufacturing pay for Coining Manufacturing And Precision Machine Products?
The deal value was not disclosed.
What does CGI Automated Manufacturing do?
Founded in 1950, GEM Manufacturing (“GEM”) is a provider of precision deep drawn metal components and mechanical assemblies for a variety of end markets, including electric vehicle, mining, aerospace & defense and..

Source: Fundz verified event record.

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Company Information

Company

CGI Automated Manufacturing

About

Founded in 1950, GEM Manufacturing (“GEM”) is a provider of precision deep drawn metal components and mechanical assemblies for a variety of end markets, including electric vehicle, mining, aerospace & defense and industrials. Headquartered in Waterbury, Connecticut, with a facility in Vietnam, GEM offers vertical transfer and progressive die press stamping as well as CNC and wire electrical discharge machining to manufacture high-precision components from prototyping through high-volume production. For more information, visit www.gemmfg.com.

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Frequently asked

Who acquired Coining Manufacturing And Precision Machine Products?

Coining Manufacturing And Precision Machine Products was acquired by CGI Automated Manufacturing. The deal was reported on July 13, 2023. CGI Automated Manufacturing is privately held and operates in Manufacturing.

When did CGI Automated Manufacturing acquire Coining Manufacturing And Precision Machine Products?

CGI Automated Manufacturing's acquisition of Coining Manufacturing And Precision Machine Products was reported on July 13, 2023. CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Coining Manufacturing And Precision Machine Products do?

Coining Manufacturing LLC and Precision Machine Products (together, the Company”) are providers of progressive die stamping, screw machining, CNC machining, wire EDM, and related secondary manufacturing capabilities. It is privately held, operating in Manufacturing.

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