Pittsburgh Materials Technology Inc. Becomes Part of Thermacore
When two companies share several common interests within their market, the potential of success in reaching a larger clientele often presents itself in the opportunity of combining both businesses. The sale of a Pittsburgh business should not always be associated with debt or inefficient management. Businesses in Pittsburgh thrive on growth and providing quality products and services to consumers. While not every PA business will agree to being sold to another company, these types of unions take place relatively frequently in Pennsylvania and throughout the United States to keep up with demand and competition.
A Pittsburgh Business Times article recently announced the sale of Pittsburgh Materials Technology, Inc. (PMTI) based in Jefferson Hills, PA, to Thermacore, Inc. in Lancaster. Based on the article, PMTI concentrates on the development of high-temperature metallic alloys, intricate metal joining, and other specialty materials for markets relating to aerospace, military, manufacture of electronic, production of metals, and energy.
In becoming a part of Thermacore, Inc., PMTI will play a role in the company providing high performance thermal management solutions to customers. Senior vice president and PMTI general manager noted in a written statement that the “union will allow us to reach customers on a global scale, and add our industry expertise to an already robust solution set.”
The United States Bureau of Labor Statistics notes that from 1995 to 2007, there were 31 union mergers that took place on a national level. When learning of a company’s union with another large business, concerned individuals often wonder if employment will be affected. While company mergers sometimes involve employee termination, this has reportedly not been the case for PMTI or Thermacore.
