Gleason Completes Acquisition of Faessler Honing Business
July 1, 2019
Gleason Corporation has announced the completion of its acquisition of the assets of Daetwyler Industries AG's and MDC Max Daetwyler AG's Faessler gear honing business. The gear honing machine, workholding and tooling business operations of Daetwyler's Faessler division for the high-precision hard finishing of gears have been acquired by Gleason's subsidiary, Gleason Switzerland AG by way of an asset deal.
Faessler's management team and employees have agreed to join Gleason. Gleason previously announced the execution of a definitive agreement to acquire all assets and certain contractual relationships of Daetwyler's gear honing business on February 26, 2019.
For more information contact:
Gleason Corporation
1000 University Avenue
P.O. Box 22970
Rochester, NY 14692-2970
585-473-1000
info@gleason.com
www.gleason.com
Daetwyler USA Headquarters
13420 Reese Blvd. West
Huntersville, NC 28078
704-875-1200
infodpr-usnc@daetwyler.com
www.daetwyler-usa.com
< back