Mazzella Acquires The Indusco Group
Mazzella Holding Co., Cleveland, Ohio, has acquired The Indusco Group.
As a result of this acquisition, Mazzella Holding Co. nearly doubles in size and employs more than 300 individuals. Indusco and Mazzella Lifting Technologies now form one of the largest independently-owned companies in the overhead lifting and rigging industries, and will provide “one-stop shopping” for customers.
The newly-acquired Indusco, Baltimore, Md., consists of a network of rigging shops located along the East Coast and in the South that support a diverse customer base. This network includes Indusco companies, J. Henry Holland Corp., Alabama Sling Center, and Tennessee Sling Center. Indusco has built its 100-year plus reputation on quality products and dependable customer service.
Indusco has additional locations in Capitol Heights, Md.; Chicago, Ill.; Virginia Beach, Va.; Hampton, Va.; Birmingham, Ala.; Chattanooga, Tenn.; and Memphis, Tenn.
“Our employees are excited to combine forces with another experienced, family-owned industry leader,” said Craig Hayward, president of Indusco. “Personally, I am thrilled for the opportunity to work with Tony Mazzella and his management team, many of whom I have known for the past ten years. Tony and I share a common vision with respect to building organizational strength through the implementation of best practices and continuing our growth through the acquisition of other family-owned and operated businesses within our industry."
Mazzella Lifting Technologies also engineers and manufacturers below-the-hook lifting devices, manufactures overhead cranes, and services overhead cranes. It has additional locations in Canton, Ohio; Cincinnati, Ohio; Detroit, Mich.; Pittsburgh, Pa.; and Charlotte, N.C.
“The organization resulting from this acquisition offers far more than an expanded geographic footprint,” said Mazzella, president and CEO. “The enhanced product offering and value-added services will enable our team of experienced personnel an increased opportunity to grow market share and expand our relationships with our customers.”
Mazzella and Hayward will be responsible for running Mazzella Holding Cos.