GB Manufacturing Company Completes Acquisition of Par-Kan Company

Delta, Ohio/Silver Lake, Indiana - January 1, 2016 - GB Manufacturing Company is pleased to announce its acquisition of all of the assets of Par-Kan Company, a leading manufacturer and marketer of agricultural grain and seed handling equipment, towable airport ground support equipment and refuse handling equipment. Par-Kan`s roots date back almost 60 years to S.L. Parker`s opening of a metal fabrication business to satisfy the equipment needs of his farmer neighbors. Over the decades since, the Company has developed innovative products for the agriculture and other markets by following the simple vision of its founder: to constantly strive to satisfy the customers` requirements, by providing quality, value and performance. Son of S.L. and current owner, Steve Parker, said: "I am confident that the folks at GB will carry on the traditions long established by the company."

GB found that focus to be aligned with its own strategy of offering unique solutions to its global OE customers. "GB will bring its world class manufacturing expertise along with engineering and financial resources to build upon Par-Kan`s great reputation for offering quality products" said Nelson Reyes, CEO of GB. "We will provide additional support to Par-Kan`s existing management team as they work to expand their product offerings. The acquisition also represents an important step in our strategy to further diversify our customer and market base and our manufacturing and product capabilities."

About GB Manufacturing Company: GB is a major contract manufacturer serving multi-national automotive, commercial vehicle and industrial customers. It has manufacturing facilities in Delta, Shiloh, and Shelby, Ohio, as well as strategic partnerships in China and Mexico.

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