You might say they fit together like a key in a lock, or the spinning teeth of two finely engineered gears.
Precision Cut Industries Inc., based in Conewago Township, Adams County, recently closed on a deal to buy a suburban Washington, D.C., firm, Marelco Inc., bringing together two contract metal companies with a half-century of history and 120 employees.
The purchase also brings together two companies with distinct but complementary specialties — and that, says Precision Cut President and CEO Brian Greenplate, only makes the two stronger.
“I can see some amazing possibilities from the integration of our two businesses,” Greenplate said. “PCI and Marelco are the perfect match.”
Precision Cut’s markets have included agriculture, food and beverage, heating and refrigeration, auto and transportation and energy production. Maryland-based Marelco, meanwhile, specializes in defense, satellite, communications and the gaming industry.
Part and parcel of the differences are the means of production, however.
Precision Cut specializes in laser cutting, welding, forming and assembly, Greenplate said. Marelco specializes in perforated punching, forming, welding, CNC machining, wet painting and silk screen labeling.
“We have complementary capabilities,” Greenplate added. “It opens up new markets for both locations.”
The purchase price was not disclosed.
Founded in 1998, Precision Cut employs about 100 people and grosses around $17 million annually, executives said, operating out of two facilities near Hanover.