The Great Lakes Towing Company (the “Towing Company”) is pleased to announce that it has purchased The Wm. Plotz Machine & Forge Company (“Plotz Machine”). The acquisition includes nearly all of Plotz Machine’s assets and real estate.
Plotz Machine adds to the services provided by the Towing Company, offering marine and industrial machine shop services to all types of customers, including its shipyard new construction and ship repair projects. The Towing Company has retained all employees of Plotz Machine and supplement the enterprise with administrative and financial support to help grow Plotz Machine’s current book of business.
Plotz Machine is a jobbing machine shop specializing in remanufactured replacement parts for commercial, municipal, and industrial users. Services include repair and overhaul work on water pumps, cooling towers, ventilation systems, and the fabrication of other precision machining products, and their services are utilized by both commercial and government customers in the greater Cleveland area and throughout the Midwest.
Both companies have been in continuous business for over 120 years and have rich histories in the City of Cleveland.
“We see many similarities between our two 120+ year old, family owned, Cleveland based businesses, and we look forward to leveraging synergies for the collective benefit of both companies, our customers, and our City,” says Joe Starck, President, The Great Lakes Towing Company.
“Our mission has always been to go above and beyond for our customers, continually improve on-time deliveries and service, at a competitive cost with the same high quality our customers expect. We believe this transition will help us continue to do just that.” – Tom Plotz, President, The Wm. Plotz Machine & Forge Company.
The acquisition closed on Tuesday, November 30, 2021.