The Gund Company acquired the Von Roll Industrial Composites Business from Von Roll Schweiz AG and Von Roll Insulation & Composites Holding AG. The division, with operations in Augsburg, Germany, and Bradford, England, will operate as VRI Composites.
The Gund Company acquired a minority ownership stake in Powercam Electricals Pvt Ltd, an Indian manufacturer of electrical components under the Powermat brand. The investment secures their partnership and opens growth opportunities in North America and India.
The Gund Company acquired Vanderveer Industrial Plastics of Placentia, CA, on May 1, 2023. Vanderveer fabricates custom-engineered composite and specialty thermoplastic materials for aerospace, semiconductor, and renewable energy equipment markets.