Cemtrex to acquire mechanical contracting and steel fabrication company

Cemtrex Inc., a security technology and industrial services company, has entered into a definitive agreement to acquire a service contractor and steel fabricator, located in central Pennsylvania, that provides ASME pressure vessels, heat exchangers, mix tanks, reactors, and other fabricated equipment to the industrial and water treatment markets.

The fabricator has more than 33,000 sq. ft. of manufacturing floor space in its facility and an experienced staff of fabricators, welders, and field mechanics.

“This acquisition of an established contractor in a growth market is highly synergistic with our Advanced Industrial Services subsidiary,” said Saagar Govil, Cemtrex chairman/CEO. “We will build on the company’s achievements, enabling us to expand our fabrication capabilities into new markets and our customer base into government and industrial verticals, as well as expanded geographies, the company is not servicing today.”