Genesys Industries has announced that the company has acquired 100% of Latrobe Foundry Machine & Supply Company (LF). Genesys expects the acquisition to be accretive to its earnings within six months of closing. In addition, Genesys Industries will acquire Latrobe Foundry's Whitney, Pennsylvani, facility (industrial real estate) as well.

Latrobe, Pennsylvania-based Latrobe Foundry was founded in 1933 by Louis C. Steiner and is a leading manufacturer of high-quality threaded and flanged aluminum pipe fittings and hardware. Latrobe Foundry is a multi-location manufacturer and has an established product line that are used in a wide variety of businesses, including aerospace, agricultural, chemical, construction, and marine

industries. The company's products are distributed by some of the largest suppliers in the industry such as McMaster Carr, MSC Industrial, Ferguson and many more regional suppliers. Latrobe Foundry has a rich history in manufacturing. Ted Steiner, president and Sally Shirey, vice president of Latrobe Foundry are the grandchildren of Louis C. Steiner, and Michael Steiner, vice president, is the great grandson of the founder Louis C. Steiner.

Click here for Latrobe's history.

In 2019, a second facility was opened up in Pasco, Washington by Michael Steiner. More details to this west coast move and establishing a second location can be found here.

Genesys Industries Spokesperson stated, "We are excited about the acquisition of LF. This addition expands our already increasing footprint in the manufacturing of mechanical hardware components for industry. It fits well with our expanding parts catalog of over 124,000 unique SKU's. With this acquisition, we add an additional 13,000-square-foot-facility in Pennsylvania.

"Latrobe Foundry and Genesys share common markets, hardware product lines, manufacturing expertise and values, said Ted Steiner. "Working together, we will be able to offer a broader range of products and enhanced service levels for our customers. We welcome all of Latrobe Foundry customers to Genesys Industries."