February 25, 2015

MiTek Acquires M&M Manufacturing Company

CHESTERFIELD, MO – February 24, 2015 – MiTek Industries, Inc. (MiTek®) – a diversified, global business supplying a wide range of engineered products, proprietary design software, and automated equipment sold into the broad construction and industrial end markets – announced today that it has acquired M&M Manufacturing, Fort Worth, Texas.

CHESTERFIELD, MO - February 24, 2015 - MiTek Industries, Inc. (MiTek®) - a diversified, global business supplying a wide range of engineered products, proprietary design software, and automated equipment sold into the broad construction and industrial end markets - announced today that it has acquired M&M Manufacturing, Fort Worth, Texas.

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. MiTek is a subsidiary of Warren Buffett's Berkshire Hathaway Inc.

“The M&M Manufacturing name stands for quality, service and reliability throughout the Southwest,” stated Tom Manenti, Chairman and CEO of MiTek. “They earn their customers' business every day based on their integrity and a commitment to excellence-two things we value highly.”

“We are excited to have Rob Felton and his leadership team continue leading and growing this outstanding business,” Manenti commented.

Rob Felton, CEO of M&M Manufacturing added, “We are thrilled to become a part of the MiTek and Berkshire Hathaway family. MiTek's vision, values, and focus on people are a perfect fit for M&M. With the strength and support of MiTek and Berkshire behind us, we plan to continue to grow the business through a series of strategic initiatives and capital investments. We couldn't be happier with the outcome.”
    
M&M was founded by the Stepp family in Fort Worth, Texas in 1958. From humble beginnings as a small sheet metal shop, the company has grown to become one of the largest HVAC ductwork and product manufacturers in the United States, with 6 manufacturing facilities producing more than 9,000 different products and employing nearly 800 team members.

About MiTek
MiTek is a diversified global supplier of software, engineered products, services, and equipment to the residential, commercial, and industrial, construction sectors. MiTek's passion for its customers' success and its associates' well-being 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.

Contact (for MiTek)
Gregg Renner
grenner@mii.com
314-851-7446

 

 

 

 

 

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.