ParkOhio, a provider of supply chain management services and highly-engineered manufactured products, has completed its acquisition of Erie Press Systems.
Erie, Pa.-based Erie Press is an industry recognized leader in the manufacturing of advanced forging presses, hydraulic and mechanical presses, and metal stretch-forming and carbon extrusion machines for several end markets, including aerospace and defense, primary metals and high-speed rail.
“The acquisition of Erie Press, with annual revenues of approximately $20 million, will be immediately accretive to earnings," ParkOhio President Edward F. Crawford said in a statement at the time the deal was announced. "Erie Press has an impressive history of designing and building engineered-to-order equipment for the aerospace and other industries for over 120 years and is a complement to our Engineered Products forging strategy.”
