March 6, 2015: MiTek Acquires M&M Manufacturing Co.
M&M Is One of the Largest Manufacturers of HVAC Ductwork and Related Products in the US
CHESTERFIELD, Mo. — MiTek Industries Inc. announced that it has acquired M&M Manufacturing Co., Fort Worth, Texas. M&M Manufacturing is a major producer of sheet metal products, primarily serving the HVAC market.
M&M was founded by the Stepp family in Fort Worth, Texas, in 1958. The company has grown to become one of the largest manufacturers of HVAC ductwork and related products in the United States, with six manufacturing facilities producing more than 9,000 different products and employing nearly 800 people. M&M provides a range of round, rectangular, oval, and spiral ductwork, fittings, and accessories for residential and commercial applications.
MiTek is a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.
Rob Felton, CEO of M&M Manufacturing, said, “We are thrilled to become a part of the MiTek and Berkshire Hathaway family. MiTek’s vision, values, and focus on people are a perfect fit for M&M. With the strength and support of MiTek and Berkshire behind us, we plan to continue to grow the business through a series of strategic initiatives and capital investments. We couldn’t be happier with the outcome.”
“The M&M Manufacturing name stands for quality, service, and reliability throughout the Southwest,” said Tom Manenti, chairman and CEO of MiTek. “They earn their customers’ business every day based on their integrity and a commitment to excellence — two things we value highly.”
For more information about MiTek, visit www.mii.com.
For more information about M&M Manufacturing, visit www.mmmfg.com.
Publication date: 3/2/2015