GLE Precision, a manufacturer of tungsten carbide tooling, gauges and product components used in a range of industries, has been acquired by Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments. VPC plans to support the company’s growth initiatives as it expands into new end markets.

 ‘GLE’s reputation for technical competency, extreme micro-precision, quality and reliability is impressive, and represents a significant opportunity for VPC to support the company as it expands its presence in the precision machining industry,’ said Jason Brown, partner at VPC. ‘We look forward to working with [GLE president Clint] Bucholz and the management team and believe the company is well positioned to execute on its next phase of growth.’

This story is reprinted from material from GLE, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.