ThyssenKrupp VDM USA, Inc., of Florham Park, New Jersey, today announced the merger with its sister company Precision Rolled Products, Inc., also based in Florham Park.
The merged corporation will retain the name of ThyssenKrupp VDM USA, Inc., and combine the sales and business support teams of both companies. The new organization employs 222 at its headquarters, its two production sites in Florham Park and Reno, Nevada and its sales and technical support offices throughout the United States. No lay-offs are expected as a result of this merger.
“As one company with one mission and one team, we can utilize our resources more effectively for future growth and profitability. The merger with Precision Rolled Products will result in even better customer service by optimizing between capabilities to supply certain products manufactured in the U.S. and extensive production resources in Germany” said Joe Fuhrman, President and Chief Executive Officer of ThyssenKrupp VDM USA, Inc. “We remain committed to providing the highest level of customer service” Fuhrman added.