Wismarq Industries Acquires Prior Coated Metals Inc.
Pittsburgh, PA - Wismarq Industries LLC, a provider of coil coating services for metal products, announces that it has acquired the assets of Prior Coated Metals Inc. Headquartered in Allentown, PA, Prior Coated Metals is a producer of pre-painted steel and aluminum products, with a 50-year operating history.
The 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 service 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.”
Matt Homme, Managing Director of the holder of the majority interest in Wismarq, stated: “We believe that Prior Coated Metals is a transformative acquisition for the company as it continues to successfully execute upon its strategic plan. Peninsula Pacific looks forward to continuing to support the outstanding Wismarq team as the Company expands upon its strong presence in the coil coating industry.”
About Peninsula Pacific
Peninsula Pacific is a private Los Angeles-based company specializing in customized capital solutions for both established and developing businesses in the consumer and industrial sectors. For more information, visit www.peninsulapacific.com.
About Vorteq Coil Finishers
in Oakmont, PA, Vorteq has been a trusted American source for quality coil coated steel and aluminum since 1982. With eight distinctly different coil coating lines strategically located throughout the U.S. and Mexico, Vorteq differentiates itself by offering a broad range of metal coil coating services to the industry. Vorteq works with customers in diverse markets to provide differentiated services, including wide and narrow coil coating, printing, slitting and
embossing. End markets include residential and commercial building products, transportation, HVAC, signage, energy and lighting. For further information about Vorteq, please visit www.vorteqcoil.com.