YORK, Pa., Nov. 25, 2013 /PRNewswire/ -- Precision Custom Components, LLC ("PCC"), and DC Fabricators, Inc. ("DCF"), two prominent leaders in the custom manufacturing industry, are pleased to announce the formation of Precision Components Group ("PCG"), a private holding company, which now owns 100% of PCC and DCF, effective October 28, 2013. The corporate restructuring resulting in the formation of Precision Components Group continues to assure superb quality, facilitate on-time delivery of product to every customer, and increase the focus on cost reductions at both companies to generate more value for our customers and an ability for the companies to aggressively compete in their niche markets.
"While both PCC and DCF will continue to operate independently, the corporate restructuring enables both companies to leverage the operational and financial strengths of one another," expressed President and CEO Gary Butler, who will have operational and financial performance responsibilities for both companies and will facilitate the sharing of best practices between the two companies. "We are talented and skilled at both companies, whether salaried or hourly, with excellent potential to meet our quality, delivery, and reduced cost objectives." John Frieling will continue as Chairman and the majority owner of PCG. "We are all pleased with the opportunities this restructuring provides to enhance the Company's ability to achieve its growth and profitability objectives, and to enable us to meet our customer's requirements for effectiveness, as measured by quality, price and schedule," commented Mr. Frieling.
Precision Custom Components, LLC http://www.pcc-york.com is a leading manufacturer of custom fabricated heavy pressure vessels (to 600 tons), reactors, casks, and heavy-walled components involving special materials with challenging welding and highly specialized machining, tight tolerances, and robust QA procedures for nuclear, commercial and government applications. PCC was founded at its current location in York, Pennsylvania in 1876 and was then known as the S. Morgan Smith Company. PCC's facility exceeds 275,000 square feet and is conveniently located to major transportation routes including rail, truck, and deep water access in Baltimore, MD and Philadelphia, PA.
DC Fabricators, Inc. http://www.dcfab.com is the leader in the design, technology and manufacturing of steam condensers and heat exchangers for government and commercial heat transfer applications. Founded in 1966 as the Delaval Condenser Division, DC Fabricators, Inc. was formed in 1995. The facility is located in Florence, New Jersey on a 25-acre site adjacent to the Delaware River with barge loading capability. DCF has 125,000 square feet of fabrication and machining space and specializes in corrosion resistant alloy and dissimilar metal fabrications.
Innovation generating increased value for our customers is essential for the success of both companies and the combination into Precision Components Group will help facilitate accomplishing these goals.
CONTACT: Stephanie Mittel, 717-324-8524
SOURCE Precision Custom Components, LLC