Mergers & Acquisition

Keystone Automatic Technology Acquired by Metalkraft Industries

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Keystone Automatic Technology Inc.

1 S. Maple St., Emporium, PA, 15834, USA

Original Press Release

Keystone Automatic Technology Acquired by Metalkraft Industries

Press release date: June 30, 2014

EMPORIUM, PA – Locally owned Keystone Automatic Technology Inc. announced today that it has been acquired by Wellsboro PA based MetalKraft Industries Inc.

Officials from both companies proudly report that the newly formed Keystone Automatic Technologies Inc. will continue to support the local community by keeping all employees and manufacturing at the 1 South Maple Street location.

The acquisition will provide KAT with the financial strength and leadership required to expand on a strong industry presence and make future investments into processes and equipment which will better serve the combined customers base.

About Keystone Automatic Technology Inc.
Keystone Automatic Technology is a manufacturer of metal parts made from wire, bar and strip. KAT ships to customers both nationally and internationally. KAT was formed in 1978. In 1985 the operation moved to its current location at 1 South Maple Street. Today, KAT employs more than 30 full-time employees and proudly maintains the ISO-9001:2008 Quality Registration.

Mr. Al Barry and Dr. Charles Blumle were motivated to sell as a solid succession plan for the employees of KAT, and the Emporium community at large.

www.keyautotech.com

About MetalKraft Industries Inc.
Founded in 1983 by Wayne J. Singer, a native of St. Marys PA, MetalKraft Industries Inc. is a powdered metal parts producer specializing in high density structural compacts for OEM customers. Today manufacturing is performed by more than 50 skilled employees in a modern facility located in Wellsboro PA. MKI is proud to maintain the ISO-9001:2008 Quality Registration.

www.metalkraftpm.com  

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