Management buy-out at Guild International

Guild International, a leading supplier of coil joining machines for the steel strip processing  industries announces new ownership with the purchase of the company by three long-term employees: Joseph “Joe” Thomas, formally VP of Operations, has been named President; William “Bill” Maruschak will continue as Chief Financial Officer; and Mark Wagner, formally Sales Engineer, has been named Vice President of Sales.

“As a longtime employee, I’ve always known that Guild International was a solid, stable company that built great machines,” says Joe Thomas. “When the opportunity was presented to purchase the company, with Bill and Mark as my partners, I knew this would be a chance of a lifetime. Now Bill, Mark and myself have the opportunity to take Guild into the future, built on a solid reputation of 60 years serving many industries.”

Joe Thomas and Bill Maruschak have each been with the company for over 30 years, while Mark Wagner joined the company in 2009. Guild International is a privately-held company that has been owned by Michael Wheeler, son of Donald Wheeler, the original founder of the company. Mike Wheeler will continue on as Chairman of the Board. Guild International was established in 1958, making 2018 its 60th year in business. The company holds many patents for their coil joining processes and equipment. Throughout the years, Guild International has designed and built thousands of installations around the world on virtually all types of coil processing lines.