MEC Group, through its Division Castolin Eutectic, announces the acquisition of Whertec, Inc., a privately owned company with headquarters in Jacksonville, Florida. The company will operate as a subsidiary of Eutectic Corporation, USA. Whertec was founded in 1996 and specializes in the application of coatings to protect against excessive wear, corrosion and erosion at elevated temperatures. Over the past years Whertec has secured a leading position in the boiler coatings market covering the power, recycling, biomass, steel and pulp & paper industries.
Whertec’s competences compliment the strength of the Castolin Eutectic group which has an established reputation for welding, brazing and coating technologies covering a wide range of industrial applications. Castolin Eutectic is a technology based organization with over 108 years’ experience developing metallurgical solutions for industry. Combining the forces of Castolin Eutectic and Whertec will create the market leader in surface protection solutions for boilers and pressure vessels covering all technologies – we are especially proud that combining the forces of Castolin Eutectic and Whertec will create one of the largest laser coating companies in the world. Whertec has an established reputation for reliability through the completion of projects on time and by meeting with the specified quality standards.
In announcing this acquisition, Siegfried Schabel, MEC CEO stated, “We are extremely excited by this acquisition which will further strengthen our position in key market sectors. It will significantly expand our capability to undertake on‐site service contracts. We have the technology, and with Whertec we add operational expertise which will help with the next phase of our global expansion”.
Pete Castiglione, sole owner of Whertec, Inc. comments, “Whertec has consistently grown since its inception in 1996 and the time is right for the next step by taking the company into international markets. MEC provides the ideal partner with its global network and a range of high technology products that compliment the operational expertise that we have developed over many years. I am pleased to be taking the business and our employees into a well-respected, privately owned company that is prepared to support our vision for expansion.”