December 16, 2016

M&M Manufacturing Acquires SnappyTM Company

CHESTERFIELD, MO – December 16, 2016 – MiTek Industries, Inc. (“MiTek”), a diversified, global business supplying a wide range of engineered products, proprietary business management and design software, and automated equipment sold into the broad construction and industrial end markets, today announced that its subsidiary, M&M Manufacturing, has acquired Snappy Company.

CHESTERFIELD, MO - December 16, 2016 - MiTek Industries, Inc. (“MiTek”), a diversified, global business supplying a wide range of engineered products, proprietary business management and design software, and automated equipment sold into the broad construction and industrial end markets, today announced that its subsidiary, M&M Manufacturing, has acquired Snappy Company.

Snappy is a leading supplier of metal duct systems for the residential HVAC market, with manufacturing facilities in Detroit Lakes, MN; Medina, NY; and corporate offices in Marietta, GA.

Snappy will complement M&M Manufacturing, a leading producer of sheet metal products, primarily servicing the air distribution and ventilation markets. M&M Manufacturing will invest in Snappy's manufacturing capabilities, expertise, and infrastructure.

“We are excited to welcome Snappy in the family of MiTek companies,” stated Tom Manenti, Chairman and CEO of MiTek. “The experience and relationships of Snappy and M&M will be leveraged across all of our manufacturing platforms in order to expand capacity and customer service levels. Combining the manufacturing capacities of M&M Manufacturing and Snappy will allow both companies to better serve our customers and grow in the markets we serve together.”

“Snappy has been a market leader for more than 60 years,” added Rob Felton, President of M&M Manufacturing, “and Snappy's reputation has been built on a heritage of great customer service, product innovation, and a focus on people. That's a perfect fit for M&M Manufacturing, and we look forward to leveraging each others' expertise and capabilities.”

About Snappy
Snappy, now a MiTek subsidiary, is a leading supplier of metal pipe and fittings for the residential HVAC market, and the company is recognized for remarkable innovation, quality products, and impeccable service. Since 1955, Snappy has been a trusted resource to HVAC distributors and contractors. With a full line of components that fit together seamlessly and are safe for end users, the company manufactures approximately 4,000 SKUs of galvanized pipe, duct and fittings, as well as complementary accessories, including drain pans, aluminum and venting products. For more information about Snappy's Comfort Distribution ProductsTM for high-performance HVAC systems, call 800-328-2044 or visit www.SnappyCo.com.

About M&M Manufacturing
A MiTek subsidiary, M&M Manufacturing is one of the country's largest producers of sheet metal products, primarily servicing the air distribution and ventilation market. M&M provides a comprehensive range of round, rectangular, oval and spiral ductwork, fittings and accessories for residential and commercial construction. Visit http://www.MMmfg.com.

About MiTek
MiTek is a diversified global supplier of software, engineered products, services, and equipment to the residential, commercial, and industrial, construction sectors. MiTek Industries' passion for its associates' well- being and its customers' success is the company's hallmark. A Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B) since 2001, MiTek has operations in more than 40 countries on six continents. Learn more: www.MiTek-us.com and www.MII.com.
     
Media Contact:
John D. Wagner
919.796.9984
Jdwagner@WagnerPR.com

 

 

 

 

About MiTek

 

MiTek Industries is a diversified global supplier of software, engineered products, services, and equipment to the residential, commercial, and industrial construction sectors.

A Berkshire Hathaway company (NYSE: brk-a, NYSE: brk-b) since 2001, MiTek is comprised of more than 40 operating companies, with operations on six continents, doing business in nearly 100 countries. Our People First® culture calls on us to treat our Purpose Partners (team members) with respect, dignity and honor, and influences all that we do.

Together with our customers, suppliers, trade partners and associates we seek to pursue our Vision: Living and working in celebration, our vision is for MiTek to be in every structure worldwide.