We are pleased to announce that Euclid Spiral Paper Tube Corporation and its 47 employees have officially joined Precision Products Group, Inc. Together, we are better positioned to provide innovative solutions to our customers and increase efficiencies throughout Precision Products Group, Inc.
Based in Apple Creek Ohio, Euclid Spiral Paper Tube Corp. has been in business since 1956 producing insulators for the electrical industry, along with a variety of specialty tubes. These include the flexible insulator for the oil filled transformers, a variety of insulating tubes for small motor manufacturers, small battery cases, shim gauges for the audio speaker industry, and tubes for the model rocket market.
In addition to spiral winding, Euclid also manufactures a line of single dose medical packaging equipment. Their machines and the packaging materials sold with them add a new level of diversity to our product offering. We view this new Medical Segment as one with great growth potential.
We are very pleased to bring Euclid Spiral into our group of companies. As one of the most successful specialty spiral tube winders in North American, they will certainly strengthen our product offering and manufacturing operations.