BERKS Group, a division of the St. Joseph, MO-based News-Press & Gazette Company, announced December 31, 2018 that it has completed the acquisition of Swiss-Tech, LLC.
Founded in 1965, Swiss-Tech manufactures low-to-medium volume, mission critical precision machined components for the medical, aerospace, and industrial end markets.
Jay Longbottom, Operating Partner for BERKS Group, commented: “We are thrilled to partner with Swiss-Tech. We were immediately drawn to its talented leadership team, the company’s strong quality systems, and excellent customer relationships. We share a common vision with the management team and are prepared to make capital investments to support the continued growth of the business.”
“This is a great first step and a wonderful platform company with a lot of great attributes,” said Brian Bradley, president of News-Press & Gazette Co. “Our diversification effort has really evolved over the last six or seven years. We’ve chosen to work with people who have been very successful and are professionals in these various spaces that have good tailwinds.”
BERKS Group plans to stay busy in mergers-and-acquisitions markets during the next few years, investing hundreds of millions of dollars to diversify the Bradley family’s portfolio.
Swiss-Tech’s current management team will stay in place, continuing its strategic direction while maintaining a strong culture of continuous improvement.
“We are very excited about this new partnership. The BERKS Group has demonstrated its commitment to provide the long-term resources necessary to accomplish our goals and provide our customers with world-class service, quality and manufacturing expertise,” said Frank Meiland, President of Swiss-Tech.
About Swiss-Tech, LLC
Swiss-Tech is an established, growing provider of custom-manufactured, precision CNC Swiss machined components that serve a variety of global customers in the medical technology, aerospace, and high-end industrial sectors. Swiss-Tech’s three Quality Certifications—ISO 13485, AS9100, and ISO 9001—allow them to successfully serve the Medical, Aerospace, and High End Industrial markets.
About BERKS Group
BERKS Group represents the diversification effort of News-Press & Gazette Company (NPG), a privately-owned company with extensive holdings in broadcast television, newspaper and manufacturing across the United States. Founded in 1951, the company is currently led by the third and fourth generations of the Bradley family. The company continues to seek further investments in technology infrastructure, education technology, and precision manufacturing.