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LinEl Sold

Post Time:Mar 09,2012Classify:Industry NewsView:316


Mestek of Westfield, Mass., has acquired LinEl Signature of Mooresville, Ind., from previous owner Robert B. Sloan, who also served as president, according to a Mestek release.


"It's a very good thing," George Petzen, estimator with LinEl told USGNN.com™ in an interview this morning. "It's good for them because they've been expanding in the architectural business, and we give them fabrication and finishing options that they didn't have. It's a nice fit for them and for us."


LinEl will be much busier now, but there will be no other changes, Petzen says. "We will be expanding more than anything else," he says. "We'll be working for other divisions in the Mestek corporate family."


LinEl has been in talks with Mestek for months now, and closed the deal yesterday, according to Petzen.


Mestek is a manufacturing concern with annual sales of approximately $375 million and 2000 employees in more than 15 facilities in North America and one in China. The company's principal activities include HVAC, architectural products and metal-forming machinery.


Source: http://www.usgnn.comAuthor: shangyi

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