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South Bend, Ind. (July 11, 2016) — We are pleased to announce that effective July 1, 2016, Schafer Industries, Inc., through its wholly owned subsidiary, Schafer Gear Works Rockford, LLC, has acquired the assets and business of Custom Gear and Machine, Inc. of Roscoe, Ill. The acquisition was announced jointly by Bipin Doshi, president of Schafer Industries, and Stan Blenke, the company’s executive vice president.

The manufacturing facility includes a 50,000 square foot plant in Roscoe, Ill. producing gears and machined products for a variety of industries, including oil and gas, construction, mining, agricultural, power transmission and defense. Schafer owns and operates a similar facility in Rockford, Ill. The Rockford facility will be shut down by the end of August 2016 and all manufacturing and management functions will move under a single roof in Roscoe.

According to Blenke, the purchase of Custom Gear and Machine, Inc. was an opportunity that aligned with Schafer’s strategic objectives and its product mix to secure a stronger market position in all market segments served by the two companies. “For over 80 years, Schafer has been involved in providing gears nationally and internationally for many applications and customers. This acquisition, along with the combination of manufacturing and management functions, creates additional capacity and engineering capabilities to serve our existing customers as well as attract new customers,” Blenke stated. He went on to say that “combining our two engineering departments creates a stronger team to address complex issues in process development. It also enhances our ability to solve customer issues around reducing manufacturing costs and provides a best value option for their needs”.

Blenke also highlighted the unprecedented speed of the transaction process. Both Rockford and Roscoe facilities serve similar markets and customers, and process familiarity and the close proximity of the plants made for a smooth acquisition process. These two facilities and teams will meet the challenging demands facing the gear industry, and they will work together to satisfy the needs of both customers and suppliers. The management teams at both facilities are excited about joining forces to become a strong player in the market.

Ed Brandt, operations manager of the Rockford plant, will assume the same position at the combined facility. “Ed Brandt has been highly effective in his role as manager of the Rockford facility particularly under demanding circumstances of several depressed market segments,” said Doshi. “He and his team have been successful in cost reduction, inventory management and maintaining high performance with 100% on-time deliveries of product with exceptional quality.” Combining two highly effective teams at Roscoe, in partnership with the South Bend plant’s management will enhance the strength of Schafer Industries to serve the market better.

About Schafer Industries, Inc.

Schafer Industries is headquartered in South Bend, Ind. along with a modern high volume gear manufacturing plant. An additional gear plant is located in Rockford, Ill. In Ohio, the company owns and operates machining and assembly facilities, Schafer Driveline. The company has developed a solid network of overseas suppliers in India, China and Taiwan to bring the best value to its customers while providing superior quality standards and service. All facilities pride themselves on 100% on time shipments while maintaining the highest quality and service standards.

About Schafer Gear Works

Schafer Gear Works has two gear manufacturing facilities. The company recently relocated its third gear location from Fort Wayne to South Bend to produce gears and shafts for the commercial aviation; this relocated facility within the South Bend plant is named Schafer Aviation Products to serve the aircraft segment. Recently the company has made significant investments in gear grinding operations and in other areas. The South Bend plant now produces fine pitch aircraft quality gears to coarse pitch ground gears for the power transmission industries. The other plant producing coarse pitch large gears is located in Rockford, Ill.

About Schafer Driveline

Schafer Industries also owns and operates an assembly plant in Fredericktown, Ohio and a machining plant in Blacklick, Ohio. These plants serve off-highway vehicles with both conventional and alternate-energy powertrains. They serve the needs of Golf Industry, power sport vehicle, and other off-highway leisure and utility markets. The Ohio operations have gears and power train design engineering capability. The manufacturing and assembly facility provide original-equipment and aftermarket customers with local product and service support. In addition the Driveline plant has capability to provide complete system solutions that include brakes and other components as single source for customers.

A Global Sourcing Manager works with production, sales and marketing to bring superior value to our customers. Schafer maintains a philosophy of team work, maintaining high standards and community responsibility.

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