Embassy Industries Sold To Mestek
Mestek Inc. acquired the nonreal estate assets of Embassy Industries from the parent firm, P&F Industries for $8 million, according toBoston Business Journal. Mestek said it will retain Embassy's operations in Farmingdale, N.Y., for six to nine months, then switch to a Long Island-based distribution center. Embassy, with annual sales of between $10-$12 million, makes baseboard and other hydronic heating products for residential and commercial use. Mestek is the parent of a variety of hydronic heating and HVAC firms, and intends to change its status to a privately held company this fall.
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