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.
