Milwaukee, WI - Rexnord announced that it has acquired Precision Gear Holdings, LLC. PGH has two operating subsidiaries, Merit Gear LLC, located in Antigo, WI, and Precision Gear LLC, located in Twinsburg, OH.
PGH employs approximately 190 associates and has annual net sales of approximately $45 million. Merit Gear is a build-to-print manufacturer of high-quality gearing and specialized gearboxes primarily for the North American oil and gas market, along with other diversified industrial markets.
“Merit’s capabilities and offering are highly complementary to our core Falk product line,” stated Dean Vlasak, Rexnord Vice President, Innovation and Energy. “This acquisition presents the opportunity to enhance the value and breadth of solutions we can bring to Rexnord and Merit customers. Moreover, Merit strengthens Rexnord’s presence in key oil and gas markets and brings strong relationships with leading OEMs and drillers.”