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October 2023

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CORE's GEM Manufacturing Announces Acquisitions

CORE Industrial Partners, a manufacturing, industrial technology and industrial services-focused private equity firm, has announced the acquisition of Coining Manufacturing, LLC and Precision Machine Products, Inc., a provider of specialty stamping and machining services, by CORE portfolio company GEM Manufacturing. CORE previously acquired GEM, a provider of precision deep drawn metal components and mechanical assemblies, in February 2023.

Founded in 1990, Coining/PMP offers progressive die stamping, screw machining, CNC machining and wire EDM manufacturing technologies to produce complex precision components. Utilizing a fleet of tools, dies and fixtures exclusively designed, built and maintained in-house, the company also provides piercing, slotting, drawing, coining, trimming, tapping, deburring and bending. Further, beyond milling and drilling, the company can perform advanced machining operations, including knurling, counterboring and threading to create complicated geometries and multifaceted structures while holding tight tolerances.

The company primarily serves the aerospace and defense, medical, electronics and semiconductor end markets for a variety of product types and applications, including microelectronic and sonic packages, sensors, implantable devices, connectors, terminals, solder cups, thermocouple pins and seal headers.

In addition to working with more common metals such as aluminum, copper and stainless steel, Coining/PMP often manufactures parts from a variety of difficult metals, including titanium, Kovar, Inconel, Alumel and Chromel. Headquartered in Clifton, NJ, the company operates in an ISO9001-certified facility with an equipment base of more than 60 machines.

Matthew Puglisi, Partner at CORE, said, "Coining and PMP offer differentiated, highly technical manufacturing capabilities and a long track record of working with customers in demanding, high-growth end markets to produce precision components for mission-critical applications. We believe these acquisitions are compelling additions to the GEM platform, and we look forward to pursuing additional inorganic growth opportunities."

Rock Lambert, Operating Partner at CORE, said, "From manufacturing capabilities and geographic location to customer bases and end market focus, Coining and PMP are highly complementary and strategic fits with GEM. We are excited to augment the depth and breadth of the platform's value proposition in support of our valued customers."

Ed Farley, Director and owner of Coining and PMP, said, "The company's offering includes an intense focus on outstanding quality and customer service. We combine this focus with vertically integrated capabilities, a state-of-the-art equipment base and technical expertise to serve as a single-source supplier for custom precision metalworking."

John Lipari Sr., Director and owner of Coining and PMP, said, "Above all else, our talented and highly experienced employees have been the key to our consistent growth over the last decade. We are pleased to partner with the GEM and CORE teams to provide additional resources and strategic guidance to support the company's next growth phase."

For more information contact:

GEM Manufacturing

78 Brookside Road

Waterbury, CT 06708


Coining Manufacturing LLC

35 Monhegan St., Ste. 5

Clifton, NJ 07013


Precision Machine Products

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