GAL Acquires Elevator Components Inc.
GAL Manufacturing Corp. of Bronx, NY has acquired Elevator Components Inc (ECI) of Mississauga Ontario. GAL and ECI are both prominent manufacturers of passenger elevator door equipment.
With this announcement, ECI joins 'The Team of Excellence', which includes GAL Manufacturing, Hollister Whitney, and GAL Canada.
Walter Glaser of GAL said "We are excited about the potential of combining the strengths of the two businesses, and the ECI acquisition will dovetail very nicely with our expansion plans and increased presence in Canada. ECI will continue to operate much as it has in the past while we work on the improved prospects that are now possible for both companies. Our customers in both the US and Canada will benefit"
Tony Koechli, retiring President of ECI commented, "Everyone at ECI is encouraged about becoming part of the 'Team'. It's going to be a good marriage for us, and great for our customers." Tony will be staying on as a consultant to the new ECI.
The new corporation is Elevator Components Industries Inc. - trading as ECI, and will remain in operation at its present location.