New Strategic Partnership Places Pileco Inc. among Top Foundation Companies - Prompts Plant Expansion and Employee Growth
Streamlining Operations, Pileco Consolidates Plants to Houston Headquarters, Expands Technical staff, and Constructs new 5,500 square foot Parts Facility and Repair Shop
For Immediate Release February 3, 2006
Houston – Houston-based Pileco, Inc. and California affiliate Pilemac, Inc. became a part of the German-based BAUER MASCHINEN GmbH family at the close of 2005 – setting off a string of events certain to positively impact earnings for the companies in 2006.
The merger, which propels Pileco onto the international scene in a larger capacity, prompted the immediate consolidation of its McKinney plant into the Houston headquarters, the new construction of a 5,500 square foot parts facility, new repair shop and new sales and engineering offices, and the acquisition of a new fleet of drill rigs for sale and rent.
“Since the merger, things have been moving at a rapid pace to accommodate an expanding client base and strengthen our presence in the global market,” said George Smith, Pileco president and CEO.
“The changes taking place right now are positive for our employees, clients and shareholders alike. We’re increasing our workforce and inventory over the next few months at a rate unprecedented in our 40 years of business. It’s a very exciting time,” Smith added.
According to company representatives, Pileco will also expand its research and development department in order to improve upon existing products and broaden its work on environmentally friendly solutions.
Specializing in Diesel Pile Driving equipment, both Pileco, Inc. and Pilemac, Inc. are restructuring for the growth – which will soon be available to view on the newly redesigned Pileco website powered by Directory One and scheduled to launch this spring.
Recognized for their technological advancements in Diesel Hammers and IHC-Hydrohammers. Pileco, Inc. has long been respected in the worldwide marketplace for service and performance. Learn more by logging onto www.pileco.com, or calling 1-800-474-5326.
