Sign In
Upcoming Event
Free Newsletter
Rochester-based manufacturer acquires Italian firm
The Gleason Corp. headquarters' main entrance on University Avenue in Rochester, New York. (File photo by Andrea Deckert)
The Gleason Corp. headquarters' main entrance on University Avenue in Rochester, New York. (File photo by Andrea Deckert)
Rochester-based manufacturer acquires Italian firm
Listen to this articleRochester-based Gleason Corp. continues to expand its global presence with the recent acquisition of Fubri s.r.l., located in Viganò, Italy.
Fubri is a manufacturer of gear cutting tools, specifically high-speed steel hobs, serving a variety of global end-markets for more than 85 years.
“We have great respect for the Fubri team which has demonstrated a strong competency in delivering high quality tools with competitive prices and lead times,” said John Perrotti, Gleason chairman and CEO. “We are excited about this combination which will further build on our mission of Total Gear Solutions and allow us to further expand our ability to serve our global customer base.”
Fubri s.r.l., has been renamed Gleason Cutting Tools s.r.l. and will retain its current management and employees in Viganò, the company said in a news release.
The acquisition follows news last year that the Rochester-based manufacturer opened a new 10,000-square-foot facility in the industrial city of Saltillo, Coahuila, Mexico.
Also last year, Gleason announced $17 million worth of upgrades to its Gleason Works headquarters at 1000 University Ave.
The investment includes a plant reconfiguration, improved building infrastructure and the replacement of equipment and machinery. It also allows for expansion/growth of specialized gear services and automation businesses and development of a digital manufacturing solutions platform.
The company expects to retain 220 jobs and create 34 more as a result of the local modernization project.
[email protected] / (585) 653-4021
"
