Market Overview

Shingle & Gibb Automation Acquires KOM Automation

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Shingle & Gibb Automation today announced the acquisition of KOM
Automation of Amherst, NY.

KOM Automation, founded in 1950, is an industrial distributor of high
tech factory automation components and solutions. Its rich heritage in
industrial automation combined with long standing relationships with
world-class manufacturers has provided a market leading proposition in
the Upstate New York and Northwestern Pennsylvania regions. This
transaction presents an opportunity for Shingle & Gibb to strengthen and
expand their geographical reach and provide KOM's customers with a
broader product offering, additional engineering expertise and
investment in more local inventory.

The two organizations share multiple attributes including a focus on
similar product lines, namely Banner Engineering and Turck. Both KOM's
and Shingle & Gibb's corporate cultures focus on a passion for heroic
customer service and both organizations pride themselves on long-term
employee tenure, providing stability and expertise to customers.

Brian Lepsis, President of Shingle & Gibb Automation, says, "I'm honored
to have the opportunity to associate with one of the longest tenured
distributors of Banner and Turck and will carry on the Lamb family
legacy of combining cutting edge automation solutions with first class
customer service. Shingle & Gibb has the capacity to provide all the
resources that customers require to be successful, but we are still
small and nimble enough to serve customers as they want to be served,
with a focus on human to human service."

Marilyn Lamb, President of KOM Automation, added, "I am happy to see the
company Bob and I started over 40 years ago join forces with another
family-owned and family-focused company that shares our values and
commitment to service. I'm excited to see so many of our long-term
employees have so many new opportunities within Shingle & Gibb."

Both Shingle & Gibb and KOM have long standing relationships with
premier suppliers Banner Engineering and Turck. Banner's Regional Sales
Director, John Cheasick remarks, "We are thrilled to see two of our
long-term distributors team up together. We are confident that their
combined strengths are going to be a great resource for our
customers." Randy Durick, Vice President of Sales at Turck, adds, "We
are impressed with Shingle & Gibb's track record of successfully
integrating past acquisitions of similar companies and know that in
their acquisition of KOM Automation the whole is greater than the sum of
the parts."

About Shingle & Gibb Automation

Shingle & Gibb follows a time-honored commitment of providing the finest
Industrial Automation & Networking, Motion Control, Machine Safety and
Power Transmission products from world leading manufacturers, including
Banner Engineering, Turck and Siemens. Through strong partnerships with
our Suppliers, we can provide innovative and leading-edge products and
solutions to our Customers. We also provide many services designed to
make your job (and your life) easier, including:

  • An experienced, factory-trained, technically-focused and locally-based
    sales force to assist you and your entire team with all your
    automation projects, from conception and specification to completion
  • Knowledgeable and highly trained Customer Service Consultants
  • An in-house Engineering Department to assist in designing, integrating
    and implementing your most challenging automation projects
  • Several million dollars of local inventory to help support all your
    automation requirements

For more information, please visit www.shingle.com
or call 800.989.8500

About KOM Automation

KOM Automation is an industrial distributor of high tech factory
automation hardware and software. With roots dating back to the
beginning of the industrial automation era, and combined experience of
more than 100 years, KOM Automation knows what works and what doesn't.
They are a leading supplier of non-contact sensors, PLCs, operator
interfaces, PC control and HMI software, counters, timers, encoders,
temperature and process controllers, and safety devices.

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