Graycliff Partners LP announced that it has completed its acquisition of Gerard Daniel Worldwide, a leading manufacturer and distributor of wire mesh and other wire products.
A press release said that Gerard Daniel, founded in 1952, has grown from a domestic reseller of wire mesh into a full-service manufacturer and distributor of more than 5,000 wire mesh and related products to over 3,000 customers worldwide. The companyโs products are used for filtration, sound suppression, heat dispersion and electro-chemical applications, and sold into end markets such as automotive, aerospace, energy, pharmaceutical, electronics, food and general manufacturing. Based in Hanover, Pennsylvania, the company serves its global customer base from 11 manufacturing and distribution facilities in the U.S., Canada and Ireland.
โGerard Daniel has evolved into an impressive global competitor in wire mesh applications over its history,โ said Graycliff Partners Managing Director Andrew Trigg. He observed that being part of Graycliff Partners will enable Gerard Daniels to deepen its โoperational efficiencies through data and digital investments, expansion into new technologies like synthetic materials and applications, and effectuate and integrate strategic acquisitions.โ
โWe realized … it was the right time to capitalize on the market potential by bringing on a financial partner,โ said Gary Shultis, shareholder and Gerard Danielโs former CEO of 35 years. Gerard Daniel is the initial investment in Graycliffโs fourth private equity fund.
