MiTek Acquires Ellis & Watts Global Industries —
CHESTERFIELD, MO – April 3, 2014 – MiTek Industries (MiTek®), a Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B), is the world’s leading supplier of a wide range of engineered products, software, and equipment sold into the residential / commercial construction, and industrial end markets, announced today that it has acquired Ellis & Watts Global Industries. Ellis & Watts is the recognized leader in the engineering, design, and fabrication of highly customized HVAC and other products sold into the nuclear, military, and other industrial end markets.
“By offering highly engineered HVAC and other solutions into a wide range of end markets, Ellis & Watts enables MiTek to further expand its Industrial Business segment. Ellis & Watts is a terrific fit within the MiTek family,” stated Tom Manenti, Chairman and CEO of MiTek. “Andrew Pike and Richard Porco, along with the entire management team, will continue to lead the company. Ellis & Watts will operate as a separate subsidiary of MiTek,” Manenti commented.
“We are excited to be part of the MiTek and Berkshire Hathaway team,” said Andrew Pike, CEO. “MiTek’s business philosophy towards sustaining profitable growth and its outstanding corporate culture makes this acquisition ideal from Ellis & Watts’s perspective. With the strength and backing of MiTek and Berkshire, we plan to grow the business through a number of strategic initiatives.”
Ellis & Watts was founded in 1952 and is located in Batavia, Ohio. Over the past sixty years, Ellis & Watts has grown substantially by delivering a unique offering of highly engineered solutions to customers across the globe.
MiTek is based in Chesterfield, Missouri and is a diversified global supplier of engineered products, software and equipment to the residential and commercial construction, and industrial end markets. Its passion for its employees’ well-being and its customers’ success is the company’s hallmark. The company has operations in over forty countries on six continents and has been a Berkshire Hathaway company since 2001. (NYSE: BRK-A, NYSE: BRK-B)