A Leader in the Foundation Industry, BAUER, Purchases Pileco, Inc., Strengthening Positions in the Global Marketplace

Profitable merger between two Foundation companies, Pileco Inc., and German-based BAUER MASCHINEN GmbH prompts expansion plans.

Houston, TX (PRWEB) October 23, 2005 -- In an acquisition hailed as a win-win for both companies, Houston-based Pileco, Inc. and California affiliate Pilemac, Inc. join forces with the largest Drill Rig manufacturing company in the world, German-based BAUER MASCHINEN GmbH.

Company officials announced the purchase October 7, 2005 and immediately began restructuring to improve operations domestically and accommodate global expansion plans.
   
“This is one of the best opportunities for growth Pileco, Inc. has had since it was founded over 40 years ago,” said Pileco President and CEO George Smith.

“This merger not only strengthens the condition of the companies involved, but also strategically positions us as a worldwide distributor – adding to our existing drill rig manufacturing and distribution offerings,” Smith added.

Specializing in Diesel Pile Driving equipment, both Pileco, Inc. and Pilemac, Inc. are expected to post openings as employee needs increase with the expansion. Pileco Inc. will retain its name and consolidate into the Houston facility both its Houston operations as well as the BAUER Texas operations - while also absorbing a rooted history in the foundation engineering industry that began for BAUER GmbH in the 1700’s.

BAUER Maschinen GmbH manufactures and markets Drilling Rigs, Trench Cutters, Desanders, Recycling Systems, Mixing/Grouting Equipment, Top Vibrators, and Universal Piling Rigs worldwide.

With experts in the field of pile driving techniques, Pileco, Inc. is an innovative company 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.

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