G.U.D. Holdings is pleased to announce the acquisition of Precision Press, a leading manufacturer of automotive metal pressing and sub-assemblies. 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 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’ 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