GRECO Aluminum Railings Acquires Petersen Metals
Tampa, FL – GRECO Aluminum Railings, a manufacturer of engineered railing and safety systems for multi-family
and commercial structures in the United States and Canada, and operating subsidiary of CSW Industrials, Inc. (NASDAQ: CSWI), announces that it has acquired Petersen Metals, a regional specialty manufacturer and
installer of architectural metal products, headquartered in Hudson, FL. Petersen brings over 30 years of manufacturing experience in stainless steel, fabricated aluminum, mild steel railing assemblies, and other custom architectural building
components.
Dino Aleo, President of GRECO Aluminum Railings, said, “Petersen Metals has an excellent track record of profitable growth over almost 30 years while maintaining its commitment to quality, service and technical proficiency. We believe
this approach optimizes the Company for long term market leadership.”
With the acquisition, GRECO expands its market focus from multifamily and commercial construction to now include educational, institutional, healthcare, retail, entertainment, and hospitality projects. The addition of Petersen nearly doubles
GRECO's manufacturing, sales, project management and installation services, thus strengthening the company’s national presence. Petersen’s added manufacturing capabilities include CNC milling and turning, press brake forming, coping,
TIG welding and waterjet services, all which enable more efficient production across all product lines.
”Petersen brings complementary resources and talent to our team, and their line of architectural metal products expands our existing line of architectural railings,” says Jim Ellsworth, President of GRECO’s U.S. Operations.
“The strategic integration of Petersen Metals will be implemented over the coming months and will be a critical part of our GRECO growth strategy in the United States.”
About GRECO
GRECO is a designer, engineer, manufacturer and installer of custom-designed architectural railings. To learn more, visit www.grecorailings.com.