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COLUMBUS, OH, January 9, 2017: Allied Mineral Products, Inc. announces the intent to purchase Alabama-based Pryor-Giggey Co., a monolithic refractory and precast shapes company with plants in Anniston, AL and Chehalis, WA. The acquisition is expected to be completed by the end of January.
"Pryor Giggey's workforce, product line and manufacturing locations in the U.S. will be great additions to Allied," said Jon R. Tabor, Allied's President and CEO. "This acquisition will allow Allied to be more agile in supplying customers in the Southeast and West coast while providing a new global platform for Pryor Giggey products. We will leverage our strengths to benefit both Allied and Pryor Giggey customers." Allied plans to expand these facilities in the near future. It is expected that Allied will have the capability to ship Allied and Pryor Giggey products from all four of its North American facilities in the future.
"We are excited to join the Allied family," said Mike Chieppor, President, Pryor Giggey Co. "Pryor Giggey's high level of customer service, product offerings and reputation will fit perfectly with Allied and how they do business."
The similarities between Allied and Pryor Giggey go beyond customer service and technical offerings. Both are ESOP companies (employee-owned) with strong cultures of employee ownership and have been in business for a combined 123 years.
Business will be conducted as normal for both companies in the near term.
Allied Mineral Products, Inc. was founded in 1961 and is a leading global manufacturer of monolithic refractories and precast, pre-fired refractory shapes with nine manufacturing facilities in seven countries, three precast shapes facilities and two research and technology centers. Allied sells its products in more than 100 countries. In the U.S., Allied manufactures at its headquarters location in Columbus, OH and in Brownsville, TX. Allied serves a wide variety of industries with innovative refractory solutions and exceptional service and support, backed by expert engineering and research teams and over 130 sales representatives. Allied is proud to be an employee-owned company.
Pryor Giggey was founded in 1948 and manufactures a broad line of monolithic refractories and precast shapes in the U.S. With manufacturing facilities in Anniston, AL and Chehalis, WA, the company serves industries including aluminum, foundry, power generation, cement and steel. Their diverse sales force covers the United States and Canada.