The 2020 Mid-Year Economic Update_long

Cummins-Wagner Agrees to Buy Siewert Equipment

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).
 
Cummins-Wagner employs 115 ...

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).
 
Cummins-Wagner employs 115 people.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com