Innovation Industries, Inc. acquires Monitor Elevator ProductsPublished: Monday, June 2, 2014
Innovation Industries, Inc. of Russellville has completed the purchase of Monitor Elevator Products of Hauppauge, N.Y., from parent company, Halma of London, UK, according to Paul Horney, President and CEO of Innovation Industries.
“Monitor has been a solid competitor with a very strong presence in the Northeast U.S. market for many years,” said Horney. “Since the 1960s, Monitor has developed an excellent reputation for building high quality, custom elevator fixtures for the largest elevator market in North America. The addition of Monitor’s products and established customer base is an excellent complement to Innovation’s product lines and sales network,” added Horney. Horney stated all Monitor employees and management will be retained.
Innovation Industries, Inc. is a privately held company that designs and manufactures an extensive line of elevator push buttons, fixtures and components. Innovation products are used throughout North America in countless commercial buildings, as well as places of interest such as Yankee Stadium, the Space Shuttle launch pad, and the Smithsonian Institute. Innovation currently employs 136 workers in Russellville while Monitor employs 76 at its Long Island facility.