Ellwood Group Acquires Assets of Gulf Coast Machine & Supply
Gulfco Forge Company (GFC) of Beaumont, Texas, purchased the assets of Gulf Coast Machine & Supply Co., also of Beaumont. GFC, which is a division of Ellwood Group Inc. (EGI), manufactures open-die forgings and rolled rings. The acquisition will bring key synergies to EGI and position Gulfco for long-term success and financial stability. Gulfco will work in concert with other EGI entities to provide open-die forging, ring-rolling, heat-treating and machining services to its historical markets and those currently served by EGI. Gulfco will be integrated into EGI’s Texas Operations.