Curated News
By: NewsRamp Editorial Staff
May 03, 2024
Genesys Industries Acquires Latrobe Foundry, Expanding Manufacturing Presence
TLDR
- Genesys Industries' acquisition of Latrobe Foundry Machine & Supply Co. expands their presence and parts catalog, giving them a competitive advantage in the industry.
- The acquisition brings together two companies with common markets and hardware product lines, enhancing their operational capabilities and customer service levels.
- The acquisition will lead to a more comprehensive range of products and elevate customer service levels, ultimately benefiting the clients and the industry.
- The acquisition seamlessly integrates with Genesys Industries' expanding parts catalog, adding over 124,000 unique SKUs and enhancing operational capabilities.
Impact - Why it Matters
The acquisition of Latrobe Foundry by Genesys Industries will not only expand the latter's manufacturing capabilities and product catalog, but also improve customer service levels. This impacts the industry by creating an opportunity for enhanced product offerings and operational capabilities, benefiting clients and businesses in various sectors. The strategic move further solidifies Genesys Industries' position in the industry and sets the stage for continued growth and innovation.
Summary
Latrobe Foundry Machine & Supply Co. is a leading manufacturer of high-quality threaded and flanged aluminum pipe fittings and hardware, founded in 1933 by Louis C. Steiner. They have an established product line in various industries, including aerospace, agricultural, chemical, construction, and marine. The company's products are distributed by major suppliers like McMaster Carr, MSC Industrial, and Ferguson. Genesys Industries' recent acquisition of Latrobe Foundry will expand their presence in manufacturing mechanical hardware components, adding 13,000 sqft facility in Pennsylvania and over 124,000 unique SKUs to their catalog.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Genesys Industries Acquires Latrobe Foundry, Expanding Manufacturing Presence
