Corrosion Products & Equipment Inc. has formed a new operating division following the acquisition of a Saratoga County manufacturer.
CPE, which sells and services fluid management products, has purchased the assets of Donlon Industrial Flooring LLC for an undisclosed sum. The purchase was through CPE’s Albany subsidiary, Composite Technologies & Infrastructure LLC.
The result of the acquisition is the creation of CTI-Donlon LLC. Donlon is an applicator of high-end industrial flooring for the commercial, pharmaceutical, high-tech and chemical industries. Donlon owner, Dave Donlon, will join the operating division as managing partner.
“This acquisition will enable CTI to provide customers a much broader service offering in addition to infrastructure repair, tank and containment linings and industrial painting services,” CPE CEO Robert Tortorella said. “By leveraging Donlon’s capabilities with our existing portfolio of products and services, we will greatly enhance our value to the marketplace.”
CPE has 61 staffers across four facilities in Rochester, Albany, Pennsylvania and the Caribbean. The Donlon acquisition will bring that number to 72, Tortorella said.
“We are excited about the acquisition and are equally excited about the new opportunities this will create,” Donlon said.
The integration will take place over the next several months.
“This is an important step in the progression and growth of our company,” CTI president Frank Carello said. “We want to ensure that our mutual customers continue to receive the highest quality of service that they have come to expect from us during this time.”
CTI is a highly specialized fabrication and construction company that works with municipal tanks, pipelines, hydroelectric power plans and more.
Follow Velvet Spicer on Twitter: @Velvet_Spicer
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email email@example.com.