A press assembly includes first and second members which engage opposite sides of a workpiece during operation of the press assembly. A cushion assembly is provided to absorb force transmitted from at least one of the members during operation of the press assembly. A high pressure reservoir is connected in fluid communication with a cylinder of the cushion assembly to receive fluid during operation of the press assembly. Hydraulic fluid is supplied to the cushion assembly at a relatively low pressure during operation of the press assembly. A valve is operable to block a flow of hydraulic fluid from the cushion assembly as the press assembly begins to operate from a closed condition toward an open condition to thereby retain the cushion assembly in a retracted condition. A secondary or pump cylinder may be actuated by operation of the press assembly to pump hydraulic fluid to the cushion assembly. A modulating valve is operable to modulate the fluid pressure conducted from the pump cylinder assembly to the cushion cylinder assembly during operation of the press assembly.
