Hot off the Press


 

SHARE:  

Maysteel Industries Acquires Damac Products

Wednesday, December 20, 2017
 

Maysteel Industries, LLC, Allenton, WI, a manufacturer of custom, precision, OEM sheetmetal enclosures, electrical cabinets and metal fabricated assemblies, has acquired Damac Products, LLC, La Mirada, CA a manufacturer of custom data-center infrastructure equipment, which includes server cabinets, wallmount racks, seismic and thermal management products, power-distribution equipment and cable runway systems. Damac’s product line includes more than 2,500 items engineered to the most exacting specifications. The company’s engineers also work closely with customers to deliver tailored infrastructure solutions that precisely meet their needs. Damac currently serves a number of industries, including cloud computing, cloud storage, colocation, energy, finance, retail, and telecommunications and is tracking potential adjacent industry verticals, including healthcare, education, and government.

 

This transaction is an important step in our efforts to continue to transform Maysteel by broadening its geographic footprint across North America and leveraging Damac’s existing presence in Europe,” says Kevin Matkin, chief executive officer of Maysteel. “In addition, both Maysteel and Damac offer customized metal fabrication solutions in adjacent markets that each can assist in supporting. As the data center industry continues to evolve towards larger hyper-scale data centers, operators are demanding customized, alternative designs and technologies to drive economies of scale. The strength of Damac’s customer relationships and its growth trajectory are impressive, and we look forward to building on that momentum to bring more comprehensive solutions to current and new markets and core segments.”

 

For more, visit www.maysteel.com and www.damac.com.

 


Reader Comments

There are no comments posted at this time.

 

Post a Comment

* Indicates field is required.

YOUR COMMENTS * (You may use html to format)

YOUR NAME *
EMAIL *
WEBSITE

 

 

Visit Our Sponsors