Day and Zimmerman Merger
Day and Zimmerman Merger refers to the merger between Day & Zimmerman and Mason & Hanger, which took place in the year 1999 and created a $1.5 billion company.
Day & Zimmerman, the engineering and construction company was established long back in 1901. At that time it was known as Dodge & Day. After several years, when John Zimmerman joined Dodge & Day, it got its' name Day & Zimmerman.
On the other hand, Mason & Hanger Group Inc. came into existence in 1827, much before the foundation of Day & Zimmerman. Mason & Hanger was also involved in engineering and construction business as well as in architectural and interior designing services.
In April 1999, Day& Zimmerman announced that it was going to sign a merger deal with Mason & Hanger. According to the merger deal it was decided that, after merger, Mason & Hanger would work as a subsidiary of Day & Zimmerman. At the time announcement of the merge deal, Harold L Yoh, Chairman of Day & Zimmerman said that Mason & Hanger's manufacturing and engineering business and operational base matches perfectly with the business of Day & Zimmerman. He also hoped that after the merger, the combined entity would be able to provide specialized outsourcing solutions to the customers with improved efficiency.
When finalizing the merger deal, Rick Loghry, President of Mason & Hanger revealed his enthusiasm about the opportunities that would be generated through the merger.
In the merger process it was decided that the Chairman of Day & Zimmerman, would become Chairman and CEO of the merged company.
More Information on Merger – Acquisition
Last Updated on : 29th July 2013