Grobet USA has agreed to divest
its manufacturing facility and business segment in Cheyenne, Wyoming to Designatronics.
HICKSVILLE, N.Y., June 24,
2022 /PRNewswire-PRWeb/ -- Designatronics, Inc., a
leader in providing comprehensive mechanical and electromechanical
engineered solutions through its brands, Stock Drive
Products/Sterling Instrument (SDP/SI), Quality Bearings &
Components (QBC), and QTC Metric Gears is pleased to announce that
Grobet USA has agreed to divest
its manufacturing facility and business segment in Cheyenne, Wyoming to Designatronics. The
Wyoming site is a production
facility for high-speed steel and carbide burs.
The companies expect to complete the transaction by August 1, 2022. Upon closing, Designatronics will
acquire the Cheyenne, Wyoming
site's operations and assets, which include property, plant, and
equipment as well as a talented workforce with years of technical
expertise. The company, rebranded as WYBUR Tools, will continue to
manufacture a comprehensive selection of burs (rotary files).
Designatronics is planning to immediately invest in the facility
expanding production capacity to better serve customers' needs.
"We are excited to add this manufacturing facility to our
operations, leveraging its capabilities and experienced employees
as they continue to play a key role for customers around the
world," said Robert Kufner, CEO, and
President, Designatronics, Inc. "We will be making considerable
investments to transform the Wyoming facility and its capabilities by
adding new machinery, ERP system, and additional manpower to
support expansion goals.
About Designatronics
Designatronics, Inc. manages its brands to develop comprehensive
mechanical and electromechanical solutions optimizing value in the
global markets that are served. Integrated design, engineering, and
manufacturing are under one roof. SDP/SI, ISO 9001:2015 + AS9100D
certified, provides mechanical-based engineering and manufacturing
solutions. 88,000 standard inch and metric small mechanical and
electromechanical components are available for fast turnaround.
SDP/SI specializes in high-quality machined parts, molded
components, synchronous belt drives, precision gears, and
subassemblies, offering customized design. QTC METRIC GEARS
supplies North America with metric
gears and gear products. Bearings and other mechanical components
are offered by QBC – the bearing marketplace. For more information,
visit http://www.designatronics.com.
Media Contact
Linda Shuett, DESIGNATRONICS INC,
5163022245, lshuett@designatronics.com
SOURCE DESIGNATRONICS INC