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Glebar Appoints New CEO

Manufacturer and solutions provider of fully automated centerless and other types of turn-key precision grinding systems, Glebar Company, has announced that Robert Baker, formerly of Stryker Corporation, has been appointed as the new CEO.

Former CEO Adam Cook will remain an integral part of the organization's vision serving as Chairman of the Board. Cook will assist Baker and the management team with strategic planning and advisory, acquisition assessment and execution and with expanding its reach into other synergistic revenue adjacencies.

Baker is a veteran of the medical device manufacturing industry. He has spent the last 12 years holding numerous positions of increasing leadership responsibility in sales, manufacturing and supply chain and commercial operations, most recently serving as VP of Global Operations for Stryker Corporation's Joint Replacement Division.

Cook stated, "It is an exciting time at Glebar. We are thrilled to have a person of this caliber come on board at this juncture. Robert brings a high level of energy, precision and focus to our organization."

"His medical device industry relationships and deep manufacturing and operations experience will be welcomed on Glebar's journey of continued growth and commitment to delivering innovative solutions to its partners - our trusted customers," added Cook. "In the six years since this management team took control, the company moved to a larger facility, doubled in headcount and launched many new solution driven products, all while achieving double digit compounded annual revenue growth with dramatic profit expansion. I am humbled to have led this organization for the past six years and look forward to working with Robert. He is the right person to lead Glebar forward, to build upon Glebar's success and lead us to new heights."

"I look forward and am excited to join such a fast-moving organization with a proud innovative spirit," said Baker. "This is a special group of people and I will take close care in seeing that the company's 67-year reputation and history remains impeccable. I will listen closely and collaborate with our customers, our people, our Board and my management team to further fine tune this great operation. I am committed to Glebar's mission of continuous improvement. With continuous improvement comes continued reward for our business, but most importantly our customers."

Prior to Stryker, Baker served as an officer in the U.S. Army where he was deployed in support of Operation Enduring Freedom and Operation Iraqi Freedom.

Other organizational changes at Glebar include President John Bannayan transitioning to Chief Technology Officer, and the addition of Harold Faig to the Board of Directors. Faig joins Baker, Bannayan and Scott Galletti as Directors.

"Having been at the company for over 28 years and serving as CTO, John will continue to be instrumental in driving Glebar forward and with its product development efforts," said a Glebar spokesperson. "He has earned several patents over the years. John's mix of executive and engineering saavy has been key in Glebar's efforts to collaborate and partner with its customers to deliver innovative solutions tailored to a customer's specific need."

"At this point in Glebar's growth trajectory, having Robert join the company armed with such a rich operational background as part of his skillset is tremendous. It will afford us increased bandwidth to focus on additional product offerings, further expanding our technological tool kit," said Bannayan.

Joining the board will be Harold Faig, who retired as president and chief operating officer of Milacron in 2003. His career at Milacron spanned 36 years, including manufacturing, engineering, development and product management. In 2008, Faig and Baird Capital Partners founded MedPlast (the predecessor of Viant Medical), a provider of engineered custom plastics processing solutions serving the global healthcare market and select industrial markets. Faig served as CEO of the company from its founding until its sale, and was responsible for its organic and M&A activities which added global growth to the company.

Galletti has over 26 years of investing, lending, capital markets and leadership experience. Prior to starting his own investment firm, Galletti was a Managing Director at Tenex Capital Management, and also held several leadership positions at General Electric Capital Corporation. Galletti holds an MBA from Harvard Business School and a bachelor's of science in finance from Boston College.

For more information contact:

Glebar Company

565 East Crescent Avenue

Ramsey, NJ 07446

201-337-1500 / 800-235-5122

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