NEWS

Cataract Steel Industries acquires Private Systems, Inc.

Tuesday, Sep 22, 2015

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.”

 

finance.yahoo.com

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