Precision53 (P53), a U.S.-based golf equipment maker known for manufacturing forged irons domestically, has acquired substantially all assets related to club machining, refinishing and chroming from Arizona-based The Iron Factory.
This asset acquisition includes heavy industrial equipment for lathe turning, CNC machining, roll-stamping, polishing, chroming, and other processes, as well as assets including trade secrets and production, process, and materials knowledge.
The terms of the acquisition were not disclosed.
The Iron Factory, founded in 1974, built a reputation over five decades for club restoration and chroming work. The company performed white-label work for major golf brands and served thousands of amateur golfers seeking restoration of vintage and historic iron sets.
Founder and CEO Jim Kronus said the deal follows his decision to retire and positions P53 to continue the business’s legacy.
Christopher Griffin, founder and managing director of P53, said, “Jim has become a friend over our years of working together, and I continue to appreciate and learn from his depth of industry experience – and I still love to hear the stories that go along with that experience.”
Kronus added, “I’ve worked with Christopher and P53 for over a decade, and when I decided it was time to officially retire, he was at the top of my list of people I hoped would carry on the legacy of this work.”
Image courtesy P53
