Gem Manufacturing uses vertical transfer and molding techniques to produce high precision deep drawn components.
       CORE Industrial Partners, a manufacturing, industrial technology and industrial services private equity firm, has acquired Gem Manufacturing, a supplier of precision metal components and deep drawing mechanical assemblies.
        Gem, founded in 1950, manufactures precision deep drawn components from prototypes to high volume products using vertical transfer and molding technologies. The deep drawing manufacturing process is claimed to have several significant advantages over other metal forming processes, allowing parts to be produced without mechanical seams or joints, with uniform wall thicknesses and high strength to weight ratios. Working with metals such as aluminium, copper, brass, stainless and carbon steel, inconel and monel, the company serves customers in a variety of end markets including electric vehicles, mining, aerospace, defense and industrial sectors.
        Gem complements its extensive stamping experience with precision CNC turning and milling and wire EDM to design and manufacture all tools in-house, and offers a range of secondary services including finishing and printing. Headquartered in Waterbury, Connecticut, Gem is ISO 9001 certified and ITAR registered and operates three nearly 100,000 square foot facilities with a company-owned plant in Binh Duong, Vietnam.
        John May, CORE Managing Partner, said: “The Gem acquisition is part of our work with founder-owned businesses, families and entrepreneurs to proactively identify thematic verticals with attractive investment dynamics. Last example. We believe that we can use our opportunities. great experience in precision manufacturing, which will help accelerate the next stage of the company’s growth.”
        “Since its founding 75 years ago, Gem has built on the core value of partnerships both internally with our talented employees and externally with our valued customers,” said Gem President Robert Caulfield. worked hard to find a partner who understands and shares our focus on collaboration. We believe CORE is the perfect fit and we look forward to working with CORE to further expand our capabilities and scale.”