market news

KKSP announces the acquisition of Prime Engineered Components

Date: April 01, 2020 Sunil Jha Sunil Jha
KKSP announces the acquisition of Prime Engineered Components 
The acquisition will help KKSP add unique capabilities and expand capacity of its platform.



U.S.-based machined metal component manufacturer, KKSP Precision Machining, LLC (KKSP) has reportedly finalized the acquisition of aluminum, stainless steel and brass metal components developer, Prime Engineered Component, Inc. (Prime).



Based in Watertown, Connecticut, Prime has over 5 decades of experience in precision machined components, offering a wide range of customers and end markets which include automotive, defense, medical, and aerospace sectors.



Sources close to the acquisition claim that Prime, with its CNC Swiss multi-axis lathes, 85+ multi-spindle screw machines and CNC Vertical Milling Centers, will significant help expand the capacity and add unique capabilities to the KKSP platform.



Commenting in the move, Prime President, Mark Izzo said that their firm’s management team and overall organization of highly-skilled employees are looking forward to becoming a new unit of KKSP Precision Machining.



Over the years, KKSP and Prime have emerged as industry-leaders by investing in new capabilities, and improving for its customers. Prime shares passion for world-class capabilities and quality, a common culture of data driven, analytical decision-making, and is excited to be a part of KKSP and continue its legacy in Watertown, CT.



As for Dave Dolan, President, KKSP, their firm is delighted to join forces with Prime and leverage the unique strengths of both the companies to broaden its product offerings to customers of Prime and KKSP.



Prime has built a stable and capable business over the years of family ownership and KKSP is honored by the trust they have placed in them to protect and continue to build upon those resources, claims Dolan.



Reports claim that KKSP operates more than 540 primary machines and manufactures over 300 million parts each year to exacting print specifications for a diverse customer base in appliance, defense, automotive, HVAC, heavy truck, plumbing, medical, fire suppression, and marine industries.



Source Credit: https://www.businesswire.com/news/home/20200331005883/en/KKSP-Acquires-Prime-Engineered-Components

About the author

View All Posts

Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.