Insights
Benchmark International Has Successfully Facilitated The Transaction Of Latrobe Foundry Machine & Supply Co. To Genesys Industries
May 2, 2024
Latrobe Foundry Machine & Supply Co. was founded in 1933 by Louis C. Steiner and is a leading manufacturer of high-quality threaded and flanged aluminum pipe fittings and hardware. Latrobe Foundry Machine & Supply Co. is a multi-location manufacturer with an established product line in various businesses, including aerospace, agricultural, chemical, construction, and marine industries.
The company's products are distributed by some of the largest suppliers in the industry, such as McMaster Carr, MSC Industrial, Ferguson, and many more regional suppliers. Latrobe Foundry Machine & Supply Co. has a rich manufacturing history. Ted Steiner, President, and Sally Shirey, Vice President, are the grandchildren of Louis C. Steiner, and Michael Steiner, Vice President, is the great-grandson of the founder, Louis C. Steiner.
President and Officer of Latrobe Foundry Machine & Supply Co., Ted Steiner, emphasized, "Latrobe Foundry and Genesys share not only common markets and hardware product lines but also deep-rooted manufacturing expertise and values. This alignment will enable us to offer a more comprehensive range of products and elevate our customer service levels. The team at Benchmark International played a crucial role in guiding us towards a successful sale."
Genesys Industries' spokesperson expressed, "We are thrilled about the acquisition. This strategic move further expands our already growing presence in manufacturing mechanical hardware components for the industry. It seamlessly integrates with our expanding parts catalog of over 124,000 unique SKUs (part numbers). With this acquisition, we gain an additional 13,000 sqft facility in Pennsylvania, enhancing our operational capabilities."
"Both buyer and seller were great to work with, and I feel confident that their respective clients will benefit greatly from this acquisition" – Senior Director Matthew Kekelis, Benchmark International
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Publicaciones relacionadas
La saturación del mercado ya está aquí: ¿se subirá a la ola o se dejará arrastrar?He recibido muchas preguntas sobre cómo se ha desarrollado el superciclo de fusiones y adquisiciones previsto y en qué punto del continuo de saturación del mercado nos encontramos, así que he pensado en compartir una actualización como continuación del artículo del año pasado "La saturación del mercado está llegando".Benchmark International Named Investment Banking Firm of the Year for the Second Year in a RowThe M&A Advisor announced the winners of the 16th Annual International M&A Awards, and Benchmark International was again recognized in several categories, including being named Investment Banking Firm of the Year for the second consecutive year.Benchmark International also received the following awards this year:M&A Deal of the Year ($10MM to $25MM) • For the acquisition of Whistler Tech by Milexia Consumer Staples Deal of the Year • For the acquisition of Copernus Ltd. by Suempol Sp The M&A Advisor Awards are known as the Oscars of the M&A world, serving as the industry benchmark for dealmaking excellence and recognizing the leading M&A transactions, restructurings, deal financings, products and services, firms, and professionals. An independent panel of global M&A, restructuring, and corporate finance practitioners evaluated nominations from around the world, representing companies with deals ranging from $10 million to more than $10 billion. The winners will be honored on September 15-16, 2025, at a black-tie gala in New York City.