MiTek Acquires M&M Manufacturing Company
CHESTERFIELD, MO – February 24, 2015 – MiTek Industries, Inc (MiTek®) – a diversified, global business supplying a wide range of engineered products, proprietary design software, and automated equipment sold into the broad construction and industrial end markets – announced today that it has acquired M&M Manufacturing, Fort Worth, Texas.
M&M Manufacturing is one of the country’s largest producers of sheet metal products, primarily servicing the air distribution and ventilation market. M&M provides a comprehensive range of round, rectangular, oval and spiral ductwork, fittings and accessories for residential and commercial construction. MiTek is a subsidiary of Warren Buffett’s Berkshire Hathaway, Inc.
“The M&M Manufacturing name stands for quality, service and reliability throughout the Southwest,” stated Tom Manenti, Chairman and CEO of MiTek. “They earn their customers’ business everyday based on their integrity and commitment to excellence–two things we value highly.”
“We are excited to have Rob Felton and his leadership team continue leading and growing this outstanding business,” Manenti commented.
Rob Felton, CEO of M&M Manufacturing added, “We are thrilled to become a part of the MiTek and Berkshire Hathaway family. MiTek’s vision, values, and focus on people are a perfect fit for M&M. With the strength and support of MiTek and Berkshire behind us, we plan to continue to grow the business through a series of strategic initiatives and capital investments. We couldn’t be happier with the outcome.”
M&M was founded by the Stepp family of Fort Worth, Texas in 1958. From humble beginnings as a small sheet metal shop, the company has grown to become one of the largest HVAC ductwork and product manufacturers in the United States, with 6 manufacturing facilities producing more than 9,000 different products and employing nearly 800 team members.
About MiTek
MiTek is a diversified global supplier of software, engineered products, services, and equipment to the residential, commercial, and industrial, construction sectors. MiTek Industries’ passion for its associates’ well-being and its customers’ success is the company’s hallmark. A Berkshire Hathaway company (NYSE: brk-a, NYSE: brk-b) since 2001, MiTek has operations in more than 40 countries on six continents. Learn more: www.mitek-us.com and www.mii.com.
Contact (for MiTek)
Gregg Renner: [email protected]
Phone: 314-851-7446
View Press Release: M&M Acquires Snappy
View Press Release: MiTek Acquires M&M