Volume 42, Issue 9 - September 2007

Mergers & Acquisitions     

Quality Metalcrafts Acquired by Industry Veteran Mike Wallace 

Mike Wallace is bringing 27 years of experience in the metals and construction industries to the helm of Quality Metalcrafts LLC. He recently acquired the company and has taken the position as president and chief executive officer.

Wallace says that he chose the company because of the kind of product it delivers, and because he was seeking a new challenge.

I recognized that Quality Metalcrafts always provided the industry with a quality product and I believed, with my experience, it would be a good fit, Wallace says.

Quality Metalcrafts, in Ramsey, Minn., was established in 1994 as a national metal architectural custom fabrication facility. The company fabricates wall panels, column covers, sunshades, breakmetal and other parts for the construction industry nationwide. 

In addition, Dave Bell now serves as vice president of the company and Steve Gravel is chief financial officer. Bell had been president of Quality Metalcrafts Inc. www.qmcrafts.com

Red Holdings Buys Macyro Group Inc.
Red Holdings Inc., a Florida-based investment company, has purchased the Macyro Group Inc. of Quebec. The Macyro Group includes Gamma Industries Inc. and GammaUSA, which develop, manufacture and install architectural aluminum products. www.gammaindustries.ca

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