Cataract Steel Industries Acquires Private Systems, Inc.
Precision Machining Facility Will Boost Cataract’s Custom Heat
Exchanger Production
Cataract
Steel Industries has acquired Private Systems, Inc., a move that
will further expand the company’s custom
heat exchanger production. Since 2010, Private Systems has provided
high quality aluminum and steel machining services to customers in
Western New York. Founded in 1976, Cataract Steel is a worldwide leader
in the design and manufacturing of heat transfer products.
“We have worked closely with Private Systems for the last several years
locally and have been impressed with their work. This acquisition will
allow Cataract Steel to continue to grow our production capacity, which
will ultimately reduce lead times and cost for our customers,” said
Scott Costanzo, president of Cataract Steel Industries. “Our heat
exchanger manufacturing process is completely customized to each
customer and project, and the Private Systems team offers not only
additional talent, but another facility to complement our existing
operations.”
With the acquisition, Cataract Steel’s three unique production
facilities will offer 120,000 square feet of machining and manufacturing
space in the Niagara Falls area, producing custom heat exchangers for
the air compressor, natural gas, electric power and chemical production
industries primarily. Cataract Steel Industries is ASME certified, and
all designs are based on Tubular Exchanger Manufacturers Association
(TEMA) standards.
“We pride ourselves on being responsive to our customers’ needs, from
the proposal through the delivery of product, and we believe this
addition will put us in a position to further exceed expectations,”
Costanzo said. “As we continue to grow our custom shell and tube
division, we see opportunities to provide additional services to Private
Systems’ current customer base as well.”
To learn more about Cataract Steel Industries, please visit www.cataractsteel.com.
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Copyright Business Wire 2015
Source: Business Wire
(September 21, 2015 - 5:04 PM EDT)
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