The Gund Company, Inc. acquires Power & Composite Technologies, LLC.
The Gund Company is pleased to announce that the acquisition of Power & Composite Technologies, LLC (PCT) is officially complete. PCT will continue to do business as PCT – A division of The Gund Company. The announcement solidifies The Gund Company’s commitment to developing new solutions and bringing high-quality products to its customers.
“Since its founding by Larry Jordan and Jerry Meehan, PCT has thrived by custom engineering innovative composite material solutions for power generation, medical, oil & gas, and transit market applications,” said Gund Company President Steve Gund. “The companies will bring together their complementary engineering and production capabilities to continue to drive innovative material solutions for our customers.”
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 The Gund Company.
“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.”, said Gund Company President Steve Gund. “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.”
About Power & Composite Technologies, LLC:
With headquarters in Amsterdam, NY, Power & Composite Technologies is a leader in the manufacturing and fabrication of custom-engineered composite components.
About The Gund Company:
The Gund Company is an industry-leading, vertically integrated manufacturer and fabricator of engineered material solutions. There are over 500 Gund Company employees across 9 locations across the United States, Canada, Mexico, and China. With headquarters in St. Louis, Missouri, The Gund Company is a 3rd generation family-owned business that is 30% employee-owned.
