Union Metal Corp., the oldest streetscape lighting manufacturer in the U.S., has been acquired by American Industrial Acquisition Corp., and will keep its operations in Canton.
The company will now do business as Union Metal Industries Corp. and the expectation is that it will ultimately hire 250 full-time employees.
“This acquisition provides AIAC companies and our global customers valuable technical capabilities,” AIAC Chairman Leonard Levie said in a statement.
Late last year, Union Metal Corp. announced it would be shutting down because it was not profitable and had liquidity issues, according to a report by News 5 Cleveland in December. The company placed a number of employees on furlough. At the time, as many as 339 jobs were at stake.
