“We are delighted to add the specialized medical precision machining capabilities of Vistek to GEM’s manufacturing expertise,” Jim Whalen, GEM’s chief executive, said in the company’s statement. “Vistek’s reputation for quality and its customer service orientation are a strong fit with GEM’s culture.”
Vince Visco, founder of Vistek, will join the GEM executive team and continue to manage the Vistek operations, the release said.
The combined companies will have plants in Ohio, Pennsylvania and Thailand.
GEM was founded in Dayton in 1936 and serves customers in 18 countries from manufacturing facilities in Ohio and Thailand.
Riverside Partners have managed more than $500 million in investments in over 50 companies. The firm is focused on companies with revenues between $20-200 million, the business said.
Contact this reporter at (937) 225-2390 or tgnau@DaytonDailyNews.com.
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