Gleason Acquires Distech Systems Inc.
August 1, 2014
Gleason Corporation has acquired Distech Systems Inc., located in Rochester, NY. Distech designs and manufactures factory automation systems and serves a variety of customers in the automotive and other industries.
Daniel J. Schwab, President of Distech Systems, said, "Gleason and Distech have successfully collaborated on many projects over the past several years, allowing both companies to become very familiar with each other's products, services and strengths. Our company has experienced significant growth recently and Gleason is the ideal partner to help in sustaining that growth. Gleason's market reach and technical and operational competencies will be important assets in our future success."
John J. Perrotti, President and Chief Executive Officer of Gleason Corporation, said, "We are excited about this opportunity and believe that the combined companies will be able to take advantage of significant synergies, and provide our customers greater value by offering engineered manufacturing systems solutions with Gleason products as well as supporting Distech in many of the markets it serves."
The existing Distech management team and entire staff will remain intact with a continued focus on serving its customers.
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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