GRECO Acquires Petersen Metals

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www.grecorailings.com

Date: 15 April 2019

Acquisition creates expanded product offering for railings and architectural metal products.

GRECO Aluminum Railings (GRECO), a leading manufacturer of high-quality engineered railing and safety systems for multi-family and commercial structures in the United States and Canada and operating subsidiary of CSW Industrials, Inc., is pleased to announce that it has acquired Petersen Metals (“Petersen”), a regional specialty manufacturer and installer of architectural metal products, headquartered in Hudson, FL. Petersen brings over 30 years of manufacturing experience in highquality 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.”

For more information on Greco Aluminum Railings visit www.grecorailings.com. For more information on Petersen Metals visit www.petersenmetals.com.