Guild International Gains New Ownership with Employee Purchase

Guild International, a supplier of coil joining equipment for the steel processing, tube producing and stamping industries, has announced new ownership with the purchase of the company by three long-term employees: Joseph "Joe" Thomas, formally VP of Operations, has been named President; William "Bill" Maruschak will continue as Chief Financial Officer; and Mark Wagner, formally Sales Engineer, has been named Vice President of Sales. Thomas and Maruschak have each been with the company for over 30 years, while Wagner joined the company in 2009.

Guild International is a privately-held company that has been owned by Micheal Wheeler, son of Donald Wheeler, the original founder of the company. Mike Wheeler will continue on as Chairman of the Board. Guild International was established in 1958, making 2018 its 60th year in business.

The company holds many patents for their coil joining processes and equipment. Throughout the years, Guild International has designed and built thousands of installations around the world on all types of coil processing lines.

"As a longtime employee, I have always known that Guild International was a solid, stable company that built great machines," Thomas said. "When the opportunity was presented to purchase the company from Mike, with Bill and Mark as my partners, I knew this would be a chance of a lifetime. Now Bill, Mark and myself have the opportunity to take Guild into the future, building on a solid reputation of 60 years serving many industries."

For more information contact:

Guild International

7273 Division Street

Bedford, OH 44146

440-232-5887

sales@guildint.com

www.guildint.com