PDM Bridge Purchased by New Company
Posted: November 7, 2013
Veritas Steel, a newly formed company, has purchased PDM Bridge, a Wausau based company that produces steel components for bridges. The Eau Claire facility is located in the Chippewa Valley Industrial Park at 2800 Melby Street.
The news came from Veritas representatives Wednesday morning of the purchase, which will also affect PDM’s Eau Claire and Palatka Fla. locations. Veritas plans to continue production at each of PDM’s three locations with no plans to layoff any workers.
Veritas is owned by Atlas Holdings, an industrial holdings firm, which looks to use its wide array of assets to give the new company the ability to more competitively bid on bridge projects in the Midwest according to Atlas Holdings Managing Partner Tom Fazio.
Read the full article for more information on this acquisition.