Gleason Acquires Distech Systems
June 2, 2014—Gleason Corporation recently announced that it has acquired Distech Systems Inc., located in Rochester, NY. Distech is a leader in the design and manufacture of factory automation systems, serving a variety of customers in the automotive and other industries. Daniel J. Schwab, president of Distech Systems said “Gleason and Distech have successfully collaborated on many projects over the past several years, allowing both companies to become very familiar with each other’s products, services and strengths. Our company has experienced significant growth recently and Gleason is the ideal partner to help in sustaining that growth. Gleason’s market reach and technical and operational competencies will be important assets in our future success." John J. Perrotti, president and chief executive officer of Gleason Corporation said “We are excited about this opportunity and believe that the combined companies will be able to take advantage of significant synergies, and provide our customers greater value by offering engineered manufacturing systems solutions with Gleason products as well as supporting Distech in many of the markets it serves." The existing Distech management team and entire staff will remain intact with an ever-greater focus on serving its customers.
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