PIneville firm buying PCS, adding 20 jobs, building new facility

The state has announced that a Pineville firm is buying Eunice-based Precision Cuttling Specialities and adding about 20 $50,000-a-year jobs. The purchase price was not announced.
Crest Industries will begin filling new positions at the Eunice facility in the fourth quarter of 2014. The company expects to complete hiring by the end of 2016. With the addition of PCS, Crest Industries will employ more than 630 workers throughout Louisiana.
“Our PCS team is proud to become part of the Crest family of companies,” PCS President Stan Loewer said in a statement. The company is located on Carl Loewer Road.
“This transaction will allow PCS to take advantage of one the greatest assets available in our state — a highly skilled workforce with a tremendous sense of community — and will enhance our ability to provide world-class service and state-of-the-art machining to our diverse customer base. I am proud of the success that PCS’ current workforce brings to our state and the Eunice community. We look forward to the economic and employment opportunities we are bringing to Acadiana.”
Crest Industries CEO Kenneth Robison said the company will invest $5 million to develop a new cutting, machining and fabricating facility and expand the operation’s workforce fromt eh 18 existing jobs.
Louisiana Economic Development has also estimated that the investment will result in an additional 24 indirect jobs, for a total of 44 new jobs in the Acadiana region.
To support the expansion project in Eunice, the company is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
In a joint statement with Gov. Bobby Jindal, Robison said the business will continue to operate under the Precision Cutting Specialties banner upon completion of the new 21,000-square-foot facility in the first quarter of 2015.
Crest Industries, founded in 1958 and originally located at the former Esler Regional Airport site, serves a global market in the electric utility and commercial and industrial electrical contractor fields, as well as in the forestry and energy industries.
Robison said the acquisition will allow Crest Industries to diversify into the oil and gas sector where the Eunice company it acquired is already active