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Gleason Acquires K2 Plastics, Inc. Business



Gleason Corporation has announced it has acquired the assets and business of K2 Plastics, Inc., of Bergen, NY, a producer of precision plastic gears and other complex plastic parts.

K2's products are sold to a diverse set of markets, including electronics, medical equipment, power and air tools and others, using its "no weld-line technology" to achieve superior strength and accuracy for its plastic injection molded parts, the company said. K2 also provides comprehensive engineering consultation from design to material selection to prototyping.

John J. Perrotti, President and CEO of Gleason Corporation, said, "We are pleased and excited to have K2 Plastics join our Company. Both companies are technology leaders within the gear industry and we believe that benefits from the synergies between the two companies will allow each to extend their market reach."

Gleason will retain K2 Plastic's existing management team, and Gleason's newly-formed Gleason-K2 Plastics Division will continue to operate at K2 Plastic's current manufacturing facility in Bergen, NY.

For more information contact:

Gleason Corporation

1000 University Avenue

P.O. Box 22970

Rochester, NY 14692-2970

585-473-1000

sales-americas@gleason.com

www.gleason.com

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