SOUTH BEND, Ind., April 18 /PRNewswire-FirstCall/ -- Magnetech Industrial Services, a subsidiary of MISCOR Group, Ltd. , today announced the continued expansion of its Industrial Services segment with the addition of a magnet service center in Mobile, Ala. The new repair and remanufacturing center will allow MISCOR to better serve customers in Alabama, Louisiana, Mississippi, Texas, Arkansas, Georgia, South Carolina and Florida.
MISCOR, a South Bend, Ind.-based provider of integrated mechanical and electrical industrial services and products, said the new Alabama location brings its total number of service centers to 13 locations in five states. The new facility will provide warehouse capacity for MISCOR's growing motor management programs, which serve industrial customers with outsourced predictive and preventative maintenance and repair. The center will also maintain an inventory of remanufactured motors offered through its Magnetrac Asset Management Program.
"The addition of this service center will allow us to continue executing on one of the cornerstones of our business model - our commitment to offering superior customer service on a just-in-time basis," said John Martell, president and CEO of MISCOR Group. "By using the latest in repair and remanufacturing technology and by bringing our national expertise to the region, we expect our magnet group to meet the needs of the growing industrial base in the Gulf States."
"This new location is another step in our strategic plan aimed at expanding our service footprint," continued Martell. "By offering a broad array of repair and remanufacturing services and rolling out our industry- leading asset management program, we expect to gain market share and accelerate the opening of additional service centers in the future."
MISCOR announced the expansion at the Institute of Scrap Recycling Industries (ISRI) Convention and Expo in New Orleans, which began today. MISCOR (Booth #517) is meeting with key customers and partners, and displaying a variety of its remanufacturing product and service offerings at the three- day show.
About MISCOR
South Bend, Ind.-based MISCOR Group, Ltd. provides electrical and mechanical solutions to industrial, commercial and institutional customers through three segments: Industrial Services, which provides maintenance and repair services for industrial motors, generators and lifting magnets, as well as engineering and repair services for electrical power distribution systems; Diesel Engine Components, which provides diesel engine component manufacturing, remanufacturing and repair services; and Electrical Contracting Services, which provides a wide range of electrical contracting services to industrial, commercial and institutional customers. MISCOR also provides on-site maintenance services along with custom and standardized industrial maintenance training programs. Formerly known as Magnetech Integrated Services Corp., MISCOR was ranked on the Inc. 500 in each of the last two years and has grown to more than 450 employees in 12 locations nationwide.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. MISCOR Group, Ltd. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.