PITTSBURGH, Nov. 13 /PRNewswire/ -- Westinghouse Electric Company has
acquired Carolina Energy Solutions (CES), a leading supplier of welding and
machining services to the nuclear, fossil and hydropower generation,
waste-to- energy, petro-chemical, gas and general fabrication industries.
Located in Rock Hill, S.C., CES and its approximately 60 employees will
become part of Westinghouse's newly established subsidiary company, WEC
Welding and Machining, which holds PCI Energy Services, the world's leading
supplier of specialty welding and machining services to the nuclear power
industry.
The acquisition includes CES affiliates Aggressive Equipment (AE), now
WEC Machining; Construction Institute of America (CIA), now WEC Welding
Institute; and Carolina United Services, now Carolina Union Services. AE
manufactures and distributes a leading line of field machining tooling, and
CIA operates a welding school serving the North and South Carolina areas.
All of these entities along with PCI will be a part of WEC Welding and
Machining and will position Westinghouse for the current and future
expansion in the energy industry.
Jimmy Morgan, president of WEC Welding and Machining, notes that the
specialty welding business has been growing at a double-digit rate for the
last several years. "The planned construction of new nuclear plants along
with projects under way in both the fossil power and petro-chem sectors
ensure that this trend will not diminish," he said. "The acquisition of CES
complements WEC Welding and Machining's core business and positions the
company to continue supporting the operating nuclear fleet, while ramping
up resources to meet the demands of the new nuclear construction with the
best technology, equipment and human resources."
Westinghouse Field Services Vice President David Howell said, "Through
this acquisition we plan to continue investing in the welding and machining
business and its employees to spur growth while focusing on operational
excellence for our nuclear power plant customers."
A key aspect of the acquisition is the CIA Welding School. The school
is highly successful in the region and is attracting a steady stream of
students into the welding trades. Morgan says this was a strategically
important factor in the decision to acquire CES. The school is currently
graduating 120 to 150 apprentice welders each year, and WEC Welding and
Machining expects to expand and replicate this model program in new
locations in the United States, as well as internationally.
Richard Bryant, president and founder of CES, adds that the financial
and management strength of Westinghouse will facilitate continued growth
and development of CES' core welding business, as well as provide the
resources to expand the equipment leasing and welding school operations.
With headquarters in Lake Bluff, Ill., WEC Welding and Machining's PCI
subsidiary specializes in field welding and machining services, as well as
the related services of laser metrology, tool design and manufacturing, and
quality assurance and control. PCI serves industrial customers in the
power, oil and gas, pulp and paper, and petrochemical industries.
Westinghouse Electric Company, a Toshiba Group company, is the world's
pioneering nuclear power company and is a leading supplier of nuclear plant
products and technologies to utilities throughout the world. Today,
Westinghouse technology is the basis for approximately one-half of the
world's operating nuclear plants.
SOURCE Westinghouse Electric Company
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Related links:
http://www.westinghousenuclear.com/
http://www.prnewswire.com/comp/127481.html /
CONTACT:
Vaughn Gilbert of Westinghouse Electric
Company, +1-412-374-3896, gilberhv@Westinghouse.com
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