Rocky Gap, VA – October 10, 2016 – AMR, Inc. (www.amr-sales.com) announced it has signed a definitive agreement to acquire the PEMCO Corporation (PEMCO) (www.pemco.net), a leading design, engineering, and manufacturer of electrical and power distribution equipment in Bluefield, VA. PEMCO provides custom electrical solutions to a wide variety of global industries including Mining, Oil & Gas, Utility, Power Generation, Transit and Nuclear. PEMCO’s product categories include power centers, substations, dry-type transformers, industrial modular buildings, custom power panels and ground check/ground fault protection devices. The acquisition will provide customers with an unparalleled power and control experience by combining AMR’s global sales network and electronic monitoring, control and communications product lines with PEMCO’s electrical expertise.
“I have known and respected PEMCO for a very long time. It is a very proud and accomplished company. Their team has done an extraordinary job building a reputation for manufacturing extremely high quality electrical solutions,” said Robert Graf, AMR’s Chief Executive Officer. “AMR and PEMCO share a strong commitment to their customers. The combination of the companies’ global and local strengths will allow us to expand our product lines and deliver a more comprehensive experience to our customers. We look forward to bringing together the two companies to deliver the best solutions in the market.”
“By teaming up with one of the industry’s leading monitoring, control, and communications companies, PEMCO will expand its presence and reach a larger audience worldwide. We plan to leverage AMR’s global sales network and extensive engineering resources,” said Jay Johnson, Executive Vice President of PEMCO. “We are extremely excited to combine our teams to meet the demands of the mining and industrial marketplace and to deliver improved technology and services to new and existing customers.”
The AMR and PEMCO brands will be merged and marketed as AMRPEMCO. It will continue to deliver all existing product lines and services while enhancing its marketing to better position the company for faster domestic and international growth. AMRPEMCO will also utilize the combined engineering resources to better serve its existing customer base and develop new product and service offerings. New product solutions in the electrical power and industrial building markets, integrated with control and communications features, will help customers save both time and money.
With approximately 60 employees and 120,000 sq. ft. of manufacturing space, the PEMCO acquisition builds upon, and complements, the core strengths and resources of AMR and its two sister companies, East River Metals, Inc. (ERM) and Custom Manufacturing Services, Inc. (CMS) (www.cmserm.com). After the acquisition, AMRPEMCO, ERM and CMS will employ 250 talented individuals and operate four manufacturing facilities, totaling nearly 300,000 sq. ft., in the southwest Virginia and southern West Virginia area. “Merging the sales and engineering resources of AMR and PEMCO is very exciting. PEMCO’s custom electrical designs and building solutions will greatly enhance AMR’s sales efforts in multiple markets such as international Mining and the U.S. Oil & Gas industry. In turn, integrating the electronic monitoring, communications, and automation controls expertise of AMR’s technical staff will create a new line of technologically advanced power centers for underground and surface mining,” said David Graf, President of AMR, ERM and CMS. “However, what is also going to be key to the acquisition is utilizing the extensive manufacturing skills and capabilities at CMS and ERM, which provide precision sheet metal fabrication, electro-mechanical assembly, and powder coating services to AMR and a wide variety of OEM’s in many diversified industries. We believe making the most of these many resources will dramatically make us more competitive in the marketplace.”
The acquisition is expected to be completed in early November, 2016.
AMR, Inc. is a U.S.-based company founded in 1975 to support the mining industry’s demand for improved electrical safety and protection of AC-powered machinery. Providing the world’s first “pilotless” continuity-type ground check monitors on low and high voltage cables, AMR has sold over 50,000 ground monitor circuits worldwide and now offers a variety of monitoring, control and communications electronics for mining, aggregates, oil and gas, water/wastewater, tunneling and general industry. Product lines include low to high voltage ground check/fault monitors, atmospheric gas monitoring, wireless communications and tracking systems, collision avoidance solutions, electronic circuit breakers, speed sensors, and tip switches. Utilizing modern technology to meet the needs of its customers, AMR supplies products that not only increase safety but also improve efficiency and productivity.
AMR has two sister companies, East River Metals, Inc. and Custom Manufacturing Services, Inc. (www.cmserm.com), that specialize in low and high volume precision sheet metal fabrication, electro-mechanical assembly, and powder coat manufacturing services. Headquartered in Rocky Gap, VA with additional facilities in Princeton, WV, the AMR, ERM, CMS team works together through employee and resource sharing.
AMR has representation in the U.S., Canada, Mexico, Colombia, Chile, India, and South Africa.
Media Relations Contacts
Gary L. Sergent
James “Jay” Johnson