Maysteel Industries Announces Merger with Porter’s Group
The merged company will have more than 1,000 employees operating in six locations in the U.S. and Mexico, as well as European partners on that continent.
Allenton, Wisconsin-based Maysteel Industries, a custom sheet metal manufacturer that serves a variety of industries including digital signage, announces it is merging with Gastonia, North Carolina-based Porter’s Group, another sheet metal fabricator.
The merged company will operate under the Maysteel name.
Maysteel produces its products in Wisconsin, California and Monterrey, Mexico; Porter’s Group serves 20 diverse industries from its three manufacturing locations in Lynchburg, Virginia; Sumter, South Carolina; and Garland, Texas. The combined company will have more than 1,000 employees with six manufacturing locations covering the U.S. and Mexico, as well as manufacturing partner locations in Europe.
Maysteel is a portfolio company of Littlejohn Capital LLC and Porter’s Group is a portfolio company of Resilience Capital Partners. Both firms continue as equity owners of the combined company.
Kevin Matkin, CEO of Maysteel, will continue to serve in that role for the new merged company.
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