“The new name more clearly aligns us with the Shaner brand and allows us an opportunity to build an exciting future,” said Geoffrey Feidelberg, CEO of Metal Foundations and COO of Shaner Capital LP. “We wanted a new name that would represent our metal foundation products, as well as allow us to expand and build upon our growing presence within various industries. The new name, Shaner Industries, is a perfect fit for our long-term goals.”
With over $1 billion in assets, the Shaner family of companies includes businesses within numerous industries including; oil and gas, hotel, water treatment, construction, finance, and venture capital. With the Shaner name behind it, Shaner Industries [Metal Foundations] more clearly establishes the depth and breadth of its organization, and demonstrates its financial strength to stakeholders.
Metal Foundations plans to “phase in” its new name over the next few months. The company’s website, www.metalfoundationscorp.com will remain active, while the site is mirrored at www.shanerindustries.com.