GSM Industrial acquires assets of Schugt Mfg.
GSM Industrial, Lancaster, Pa., a fabricator and installer of custom industrial steel products, has acquired the assets of Schugt Mfg., a precision CNC machining shop in Dover, Pa. The acquisition allows GSM to expand its machining capabilities.
As part of the deal, five Schugt employees, including David Schugt, owner and president, joined GSM. The existing equipment at the Schugt facility has been transferred to GSM's plant.
Schugt specialized in precision CNC milling and turning, manual machining, and Blanchard grinding. The shop is equipped with CNC turning centers, CNC vertical machining centers, manual mills, lathes, and grinders.