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Orlando Precision acquires Gifford Spring

Orlando Precision announced that it has acquired Gifford Spring Company, a family business located in Garland, Texas.

A press release said that Gifford Spring serves the aerospace, telecommunication and industrial sectors, with products that include compression springs, tapered springs, torsion and double torsion springs, extension springs and wire forms, as well as rod forming. The deal represents the first acquisition for Orlando Precision outside of its base state of California.

 “The acquisition broadens our geographic footprint, allowing us to better serve markets and customers located in Texas and throughout the south, including central Mexico,” said Frank Mauro, president of Orlando Precision. He said that it also valuable capabilities to his company’s overall capacity to innovate, deliver services and achieve strategic goals.

Founded in 1984 by Ralph Gifford in his garage with one machine “and a handful of customers,” the company quickly grew. Per the Gifford Spring website, one key to that growth was that it used secondary operational step-saving machines that Ralph Gifford designed and built using pneumatic and electronic technology and components. During this early period of dynamic growth, Ralph Gifford introduced electronic gauging and sorting on automatic spring coiling machines to the Dallas manufacturing community.

Read 1062 times Last modified on September 5, 2024

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