Huntersville, North Carolina-based provider of electrical product solutions NSI Industries, LLC acquired Duro Dyne Corp., a Bay Shore, New York-based sheet metal manufacturer for the heating, ventilating and air conditioning industry.
Financial terms were not disclosed.
NSI said the acquisition adds the HVAC market to the company’s distribution model with a company that already has a strong foothold in this industry.
Both companies also possess strong operational advantages within their own ranks, including customer service and product development, which allows them to “combine these strengths to even better serve their customers,” NSI said.
“Duro Dyne has built a tremendous reputation with its customers over the years as not only providing first in class products, but also as the easiest company to work with in the market,” NSI CEO G. R. Schrotenboer said. “By leading with these attributes, Duro Dyne naturally aligns itself with NSI and its approach to the marketplace. We welcome the Duro Dyne team to the NSI family and look forward to increasing Duro Dyne’s HVAC/R market share with the added strengths as part of the NSI platform.”