Aug 06, 2014 carparts, news
G.U.D. Holdings has aquired automotive metal pressing and sub-assemblies manufacturer, Precision Press.
The latter joins G.U.D. Filters, FRAM Filters, Safeline Brake Pads and Indy Oil, which all fall under the G.U.D. Holdings umbrella. Red Shuttleworth, CEO, G.U.D. Holdings, commented: “The acquisition of Precision Press is aligned with our strategy of being a leader in the manufacture and marketing of automotive products, and strengthens our relationship with our OE customer base.”
Precision Press holds a solid reputation as manufacturing OE quality automotive components, which it has been doing since 2004 at their Cape Town-based operations. “We have grown from our humble beginnings into a leading automotive metal pressing business and the acquisition will enable a step change in the business through the introduction of Servo Press technology, the first of its kind in South Africa”, says Simon Ledgerwood, founder and Managing Director of Precision Press.
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