Building Products Fabricator in Expansion Mode
Moro Corp. buys Titchener Iron Works, Rondout Electric
Moro Corporation recently completed two transactions, expanding its construction products and services offerings by acquiring Titchener Iron Works and Rondout Electric. Wayne, Penn.-based Moro said the new operations will complement its organization in New York State, and increase its efficiencies cross-marketing opportunities, and revenue potential by $15 million to $18 million annually.
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The value of the two transactions was not released.
Moro fabricates concrete reinforcing steel, sheet metal (duct work), miscellaneous steel construction products (railings, stairs, ornamental iron work), and process piping. It also distributes construction steel, miscellaneous steel and construction accessories, and supplies mechanical contracting services (HVAC, plumbing, and piping) and electrical contracting (commercial and industrial work including high voltage, voice/data, fiber optics, security and building controls.)
Titchener Iron Works, Binghamton, N.Y., is a fabricator and installer of architectural and ornamental metal including stairs, railings and miscellaneous steel. Its customers are general contractors and end users located in the southern tier of New York State. The business has 25 employees.
Rondout Electric, Poughkeepsie, N.Y., is an electrical contractor specializing in commercial and industrial installations, including high-voltage systems, security and building controls, and telecommunications (voice, data, and fiber-optics). Its customers are general contractors and end users in New York’s Hudson River valley.
Already, Moro is active in the New York with two operations: Appolo Heating Inc., Schenectady, and J & J Sheet Metal Works, Vestal. Moro says its presence now extends from Saratoga and Albany southward to Putnam, Orange, and northern Westchester Counties and westward through Binghamton, Elmira, Ithaca and Corning.
Moro indicates that both new operations are successful and profitable, and the existing management will remain in place. Both companies target customers that include schools and universities, hospitals, industrial and manufacturing facilities, utilities, and governmental buildings.
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