Servimetal Acquires Perry Products

June 2, 2005

Servimetal, Inc., the largest processor of flat metal products in the Caribbean based in Caguas, Puerto Rico, today announced the acquisition, earlier this week, of Perry Products of Puerto Rico, the oldest and largest industrial supplier of stainless steel tubular and long products on the island.

The acquisition represents an important growth step for Servimetal and will provide Perry the financial backing to undertake future growth. Both companies will continue to operate under their respective, well-established trade names.

“This acquisition will enhance Servimetal’s established growth goals and, through our financial strength, will put Perry Products in a better position to expand its reach, participate in bigger projects and foster future growth,” said Emilio M. Ortiz, President & CEO of Servimetal.

As a result of the acquisition, Perry will now be able, in conjunction with stateside manufacturers, to venture into the business of manufacturing and assembly in Puerto Rico of the components used by some of its industrial customers in their manufacturing operations.

Furthermore, Perry Products will now expand its area of operations to cover the entire Caribbean Basin, offering to industrial customers throughout the region the same excellent service for which it is known in Puerto Rico.

Servimetal, a locally owned company, is the largest processor of flat metal products in the Caribbean. It operates from modern state-of-the-art facilities occupying over 110,000 sq. ft. in Caguas.

With its company-owned fleet of modern heavy duty, medium and light cargo trucks, Servimetal delivers to its customers—both large multinational companies and locally owned businesses—just-in-time materials several times a day from a huge, 15,000 metric tons-plus inventory of Coil & Sheets in base metals such as Hot Rolled, Cold Rolled, Galvanized, Galvannealed, Pre-Painted, Stainless Steel and Aluminum.

A member of the Puerto Rico Manufacturers Association, the Puerto Rico Chamber of Commerce and the Metal Service Center Institute (MCSI) headquartered in Chicago, Servimetal is also a PRIDCO-promoted industry and a certified Minority Business Enterprise. 

Perry Products is the oldest and largest industrial supplier of stainless steel tubular and long products, as well as valves of all sizes, to the pharmaceutical, food, oil and gas industries in Puerto Rico.

Established in 1965 by the Epstein family of Philadelphia to satisfy the demands of customers with whom they were already doing business in other areas related to stainless steel, Perry Products soon became the undisputed leader of the then nascent industrial supply business on the island.  Perry maintains available in stock a substantial inventory of its products, and can respond within 24 hours to demands for valves and specialty products supplied under their exclusive representation and distribution agreements with several leading manufacturers on the mainland.

In 2010 Perry Products name has been now changed to the Flow Control Division.

 

    More Press Releases:
    Servimetal now offers Tubing material in different sizes.
    Servimetal on the NET.
    New line of Stainless Steel and Aluminum.
    Net Worth increased by 1.5 million.
    Servimetal expands its operations with a new Roll Forming Division