Dépêches

Galaxy Tool Unveils New Company Name and Brand

Dépèche transmise le 12 octobre 2011 par Business Wire

WINFIELD, Kan.--(BUSINESS WIRE)--Galaxy Tool Corporation announced today it is changing its name to Galaxy Technologies.

“Galaxy is more than a tooling company. We are a global company that offers integrated services to the aerospace and consumer product industries. We deliver high-quality engineering, tooling and plastics solutions.”

“Our new name and brand are a better reflection of who we are and the direction we plan to grow strategically. It encompasses the entire scope of our capacity and capabilities,” says Andy Plyler, Galaxy Technologies president and chief executive officer. “Galaxy is more than a tooling company. We are a global company that offers integrated services to the aerospace and consumer product industries. We deliver high-quality engineering, tooling and plastics solutions.

“We continue to operate under the same ownership. The brand is a direct reflection of our internal realignment to focus on our core markets,” he adds.

The company is now structured around its three strategic business centers of excellence—engineering, tooling and plastics.

“It is important customers fully understand the in-depth capabilities of our company. Our problem-solving competency and leading-edge equipment enable us to be a turnkey premium partner for customers,” says Plyler.

Galaxy Technologies is located in Winfield, Kan. Galaxy is a major supplier for the design, manufacturing and assembly of production tooling for the aerospace, defense and plastic markets. Major customers include Boeing, Spirit Aerosystems, Northrop Grumman, Lockheed Martin, Rubbermaid and Coleman. Gladstone Investment Corporation, a publicly traded (NASDAQ: GAIN) business development company, is the majority shareholder of Galaxy Tool Holding Corporation, Galaxy Technologies’ parent company. Gladstone Investment focuses on providing debt and equity capital to U.S.-based businesses in connection with acquisitions, changes in control and recapitalizations.