Fort Lauderdale, Florida-based metals distributor and processor Metals USA Holdings Corp. announced Monday that it has acquired Torrington, Connecticut-based Gregor Technologies, LLC. Gregor provides custom-crafted, parts and assemblies and tailored solutions to OEM customers in several attractive end markets such as industrial equipment and manufacturing, scientific instruments, electronics, aerospace, homeland security and defense.
Lourenco Goncalves, Chairman, President and CEO of Metals USA commented that, "In an environment where more and more customers are outsourcing low volume, high cost metal processing, we believe Gregor is a solid addition to the Metals USA platform...Gregor represents a continuation of the M&A growth strategy articulated in our IPO and have consistently executed since then."