| 1 MINUTE READ

George Koch Sons Acquiring Price Industries

Grand Rapids based company has more than 30 years experience in material handling systems for the aerospace, automotive, industrial, military and agriculture industries.
#masking #aerospace #military

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

�
 
George Koch Sons, a subsidiary of Koch Enterprises, is aquiring Price Industries, a Grand Rapids, Michigan-based company with more than 30 years experience providing material handling systems to the aerospace, automotive, industrial, military and agriculture industries around the world.
 
The Price systems are used to automate material flow during surface treatments such as plating, cleaning or chemical processing of manufactured parts. Price will become part of George Koch Sons and will continue to serve its growing customer base from its existing Grand Rapids, MI facilities.
 
“We look forward to leveraging our combined years of experience in finishing systems to provide our customers with the best integrated solutions. Our combined systems play a critical role in providing industry leading manufacturers the solutions necessary to remain competitive by reducing factory costs through automation, material optimization and efficient labor allocation,” said Chris Brack, George Koch Sons’ President.
 
“The combination was a natural fit as we continue to invest in additional capabilities to enhance our solution offering in finishing systems.  The marketplace is demanding more and more capabilities from one turn-key supplier and Price Industries’ capabilities will augment our core offering and ultimately provide our customers access to the market’s broadest suite of solutions.”
 
“We share a customer-first philosophy with George Koch Sons and are pleased to become a part of the company to best serve our customers,” said Robert Price, Price Industries President. “We are confident that together, we can provide even better solutions to assist manufacturers in managing their complex production programs.”
 
Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and expected to close at the end of the month.

RELATED CONTENT

  • Masking for Surface Finishing

    Masking is employed in most any metal finishing operation where only a specifically defined area of the surface of a part must be exposed to a process. Conversely, masking may be employed on a surface where treatment is either not required or must be avoided. This article covers the many aspects of masking for metal finishing, including applications, methods and the various types of masking employed.

  • Applying Robotics to Your Paint Line

    Considerations when deciding whether or not a robot is the right choice for your facility...

  • The Powder Coating Process

    Powder coating is one of the most durable finishes that can be applied to industrial manufactured products, and offers excellent corrosion protection and is very safe because of its lack of volatile organic compounds.