Girard Machine’s Land, Plant Sold for $2.65M
GIRARD, Ohio – Morgan Engineering of Alliance has closed on its acquisition of Girard Machine Co.’s fabricating plant and real estate, according to Trumbull County Auditor records.
The building and land at 700 Dot St. sold for $2.65 million, auditor’s records show. The sale was recorded April 17.
Morgan Engineering announced in a news release in late February that it had acquired the assets of the 77-year-old heavy fabrication and machining company.
Morgan, based in Alliance, has retained all of Girard Machine’s employees, including its two former owners, Tom and Mark Malito, the company said. The two will serve as general managers of the facility, which will be renamed Morgan Manufacturing Plant No .3.
“Girard Machine has been a reliable supplier to Morgan for many years, delivering the quality that Morgan and our customers demand,” said Mark Fedor, CEO of Morgan. “Our values and processes are aligned, so it makes sense for us to bring our organizations together and build new opportunities for growth.”
The Malitos’ grandfather, Dominic Malito, started Girard Machine in 1946 with Guy Chuirazzi.
“We are pleased that our family legacy will continue in Girard through Morgan,” Tom Malito said in February. “Our employees are brought into a well-run, reputable company that has a track record for growth. We are excited to see where the company goes next.”
The Girard location is a custom fabrication operation and features more than 120,000 square feet of industrial workspace.
Morgan Engineering said in February that the acquisition expands Morgan’s production capacity by 35% and will help the company control lead times within its supply chain because it can produce more parts in-house.
“In addition to production growth, we look forward to reaching new team members in the region who would not have considered Morgan due to the distance,” Fedor said.
Published by The Business Journal, Youngstown, Ohio.