MiTek Industries, which supplies equipment to the construction and industrial markets, has acquired Mezzanine International.
“I am so pleased that Mezzanine International has joined the ranks of a storied company, MiTek Industries, Inc. A vital aspect of this acquisition was the remarkable alignment of our core values with MiTek’s, which is essential to executing our long-range growth plans,” said Scott Chambers, managing director of Mezzanine International.
“Given our current design and manufacturing capabilities in Europe, combined with the momentum we are sure to experience with MiTek’s global footprint, formidable brand and resources, we expect growth rates and technology developments that far outpace our competitors.”
Mark Thom, MiTek Industries’ chief executive said: “The acquisition of Mezzanine International furthers our strategy for global diversification. Scott and his team have built a growing business that is recognise as a leader in the markets where they compete, while building and maintaining a trust-based culture. This is an incredible addition to the MiTek family, and I’m truly excited about the future growth opportunities that we will create together.”