Fort Wayne Metals acquires Ohio company
By Alex Brown | Inside INdiana Business
Fort Wayne Metals has completed its acquisition of Ohio-based G&S Titanium. Financial terms of the deal were not immediately disclosed, however the company says G&S will remain in its current facilities and operate under the G&S Bar and Wire LLC brand.
The Allen County-based company says the acquisition will allow it to better serve customers with new products and capabilities. G&S specializes in titanium and specialty alloy wire and bar drawing.
"We have enjoyed a close relationship with G&S Titanium for many years, both as our supplier and our customer," said Scott Glaze, chief executive officer of Fort Wayne Metals. "Over time, we have learned that our companies complement each other very well. Both companies are privately held, both manufacture right here in the Midwest, and both sell precision products that support critical applications, for example in the medical and aerospace industries. We’re well familiar with the quality of their products and the deep technical knowledge of their people, and look forward to working with them as we continue growing together."
The acquisition is the latest growth effort announced by Fort Wayne Metals, which in October detailed a $50 million investment into its Allen County operations with plans to add more than 330 jobs. Earlier that month, the company's Columbia City-based subsidiary Fort Wayne Metals Advanced Materials Development LLC announced plans to invest $12 million into new equipment and add 15 jobs.
Glaze appeared last month on the Fort Wayne Town Hall edition of Inside INdiana Business with Gerry Dick from Fort Wayne to talk about the company's growth. You can view the interview here.