Home » Cummins-Wagner Agrees to Buy Siewert Equipment
Cummins-Wagner Agrees to Buy Siewert Equipment
July 15, 2008
Cummins-Wagner Co., Inc., Annapolis Junction, MD, a distributor of industrial process equipment and HVAC equipment in the mid-Atlantic region, has agreed to acquire Rochester, NY-based Siewert Equipment Co., Inc.
SECO employs 47 people, with branch offices in New York and Florida. SECO is a distributor/manufacturers'representative selling fluid process equipment and provides assembly, aftermarket service and engineered solutions.
The transaction is part of Cummins-Wagner's business strategy of steady, manageable growth through market penetration and acquisition.
SECO employees will become part of Cummins-Wagner's 100% Employee Stock Ownership Plan (ESOP).