MB Capital and GT Capital Announce Acquisition of General Extrusion Inc.
Youngstown, Ohio, January 1, 2024 – MB Capital, in partnership with GT Capital, is pleased to announce the acquisition of General Extrusion Inc. (GEI), a leading company in the aluminum extrusion industry based in Youngstown, Ohio. This strategic acquisition, effective as of January 1, 2024, marks a significant step in MB Capital and GT Capital’s manufacturing strategy, enhancing their capabilities and creating synergies with other companies within the group.
MB Capital, a Toledo, Ohio-based family office with a focus on manufacturing and distribution companies, has long been committed to long-term investments aimed at company growth and market expansion. This acquisition fits perfectly within this investment philosophy, promising to amplify both reach and capabilities.
GT Capital, led by Gilles Teste, a seasoned executive with over 30 years of experience in the automotive industry, will play a pivotal role in this new chapter. Gilles Teste will step in as the new CEO of General Extrusion International, LLC, bringing a wealth of knowledge and experience to the table.
A Union of Strengths
“This acquisition represents a tremendous opportunity for our group to expand our manufacturing capacity and capabilities in the Midwest,” said Gilles Teste, GT Capital. “We feel privileged to continue the great legacy that the Schuler family has left behind at GEI and are excited about building on this foundation in Youngstown.”
GEI, known for its innovative approach in the manufacturing sector, recently installed a state-of-the-art 8-inch extrusion press, demonstrating its commitment to cutting-edge technology and quality. Under the new ownership, GEI is poised to explore new opportunities and add more fabrication capabilities, significantly enhancing its market presence and service offerings.
The acquisition by MB Capital and GT Capital is expected to yield considerable benefits for GEI, including an expanded customer base, enhanced production capabilities, and access to broader markets. The integration of GEI into the MB and GT Capital portfolio will be carried out with a focus on maintaining operational excellence and continuing to provide high-quality services to all clients.
For more information regarding this acquisition, please contact:
Associate Director, MB Capital