Gros-ite was founded in 1946 in Hartford, Connecticut by Wayne Gross and Robert Hite as the Gros-Ite Design Company, specializing in design engineering services. Over the subsequent years, the company has expanded its product offering to include precision machine spindles, precision aerospace components and specialized tools and equipment.

The company remained private until its public offering in 1985 and is traded on the NASDAQ Stock Market under the symbol EDAC.

In 1996, the Corporation was reorganized under the leadership of a new team of contemporary managers into focused business units based on its specific products and markets.

We are committed to achieving quality growth within markets served and diversifying into new markets through strategic acquisitions and new product offerings.

In 1998 EDAC acquired Apex Machine Tool Co., also in Farmington Connecticut. The acquisition brought to Edac Technologies injection mold and composite mold capibilities and strengthened our tooling area of the business.

Our foundation for growth will center around institutionalizing Lean Manufacturing concepts through our organization. Continuous improvements, i.e. Kaizen will be the centerpiece of achieving benchmark quality, service and value to our customers, shareholders and employees.

Lean Manufacturing concepts such as Kaizen, 6'S, mistake proofing, etc., will permeate throughout our corporation via our PACE (people achieving customer excellence) program. This will empower every employee to become an agent for change in our mission to achieve excellence.

We strongly believe that embracing and successfully employing lean manufacturing concepts throughout our organization will provide us with a competitive advantage with our customers, shareholders, and our employees.

Our overriding mission is to be the company of choice for our customers, shareholders, employees and community. We will achieve this stature by:

• Being flexible and easy to work with.
• Providing our customers with benchmark quality, service and value.
• Providing shareholders superior return on their investment.
• Developing a world class working environment for our employees health, safety, security and career growth.
• Being a good corporate citizen by supporting our local community and charities.

The foundation for achieving our mission will be built around two promises.

1. Continuous Improvement. We will continuously raise the bar in achieving excellence in all that we do.
2. Embracing Goodness In Our Behavior. we commit to being professional, moral, ethical and caring in how we interface with our customers, our co-workers and our community.