w hat ’ s the B u z z ?
G.U.D. HOLDINGS (PTY) LTD ACQUIRES LEADING COMPONENT MANUFACTURER
G.U.D. Holdings has announced the
acquisition of Precision Press, a leading
manufacturer of automotive metal pressing
and sub-assemblies.
automotive components 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”, believes
Simon Ledgerwood, founder and
managing director of Precision Press.
Precision Press will join the G.U.D.
Holdings stable of companies that include
premium automotive brands G.U.D. Filters,
FRAM Filters, Safeline Brake Pads and
Indy Oil.
“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.”
says Red Shuttleworth, CEO, G.U.D.
Holdings.
Precision Press has an established
reputation manufacturing OE quality
R-2014-09.FH11 Tue Aug 19 12:19:27 2014
➲ (Left to Right) Red Shuttleworth,
CEO of G.U.D. Holdings and
Simon Ledgerwood, managing director
of Precision Press,
celebrate the new merger
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Integrated Diagnostic Tool, Lab Scope,
Graphing Multi-Meter and Component Tester
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Precision Press’ commitment to
quality and product innovation makes
them a fitting accompaniment for
G.U.D. Holdings. The automotive
industry can look forward to many
exciting developments from this new
partnership.
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