September 08, 2008

PNA Group buys Precision Flamecutting & Steel

PNA Group Inc announced that has bought Houston based Precision Flamecutting & Steel LP.

Precision is engaged in the processing and distribution of carbon, alloy, and HSLA steel plate, including plasma cutting, flame cutting and beveling services, as well as machining, rolling, forming, heat treating, coating, and general machining and fabrication services.

Mr Jacob Kotzubei a Partner at Platinum Equity, the owner of PNA Group, said "This is another great addition to the PNA Group that perfectly fits our acquisition strategy of finding extremely well-run metals service center operations that focus on delivering excellent customer service.”