Wismarq Industries Expands with Strategic Acquisition
PITTSBURGH – Wismarq Industries LLC, a provider of coil coating services for metal products, has acquired the assets of Prior Coated Metals Inc. Headquartered in Allentown, Pennsylvania, Prior Coated Metals is a producer of pre-painted steel and aluminum products. It has been in operation for 50 years.
The new acquisition will increase Wismarq’s gauge range capability for a broad offering of applications, as well as bolster the company’s geographical footprint into the Northeast Corridor and provide additional value-added downstream processing and precision slitting capabilities. Now the third-largest independent coil coater in the nation with six continuous production lines, Wismarq continues to execute upon its strategic vision to broaden both its geographic footprint and processing capabilities to better serve its diverse, multi-regional customer base.
“The addition of the Prior Coated Metals assets to the Wismarq portfolio is perfectly timed to elevate and sustain the positive momentum we have created in 2016,” said Jim Dockey, Wismarq’s Chief Executive Officer. “This transaction will provide a continued catalyst for the disciplined growth strategy our company has pursued in the past year. The expanded geographical footprint, complementary capabilities, and incremental capacity provided by the acquisition will allow us to broaden our market presence while offering an even greater value proposition to our highly valued customers.”
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