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TWST: We'd like to begin with a brief historical sketch of Moro Corporation and
a picture of the things you are doing at the present time.
Mr. Menard: Moro Corporation is involved in construction materials and
construction contracting. The construction materials segment consists of the
fabricating and distribution of concrete reinforcing steel, also known as rebar.
We are located in South River, New Jersey; Rahway, New Jersey; Hammonton, New
Jersey; and New Bedford, Massachusetts. Our trading area is from Boston, to
Baltimore, to central Pennsylvania. That business accounts for about 45% of our
sales. Our other segment is mechanical contracting, where we do heating,
ventilating and air conditioning - also known as HVAC - and plumbing and piping.
We have two contracting businesses. One business focuses on industrial,
commercial and institutional projects, such as hospitals, pharmaceutical
companies and schools, and we have a residential business in Schenectady, New
York, that is a Lennox dealer for heating and air conditioning systems. We
install primarily in residential markets in the Upper Hudson Valley and in the
Greater Saratoga, Albany, and Schenectady area. TWST: Is there any other company that you know that is structured in the same
way with that combination of business units?
Mr. Menard: I am not aware that there is, but it is a very big world out there,
and there may very well be. There are a lot of common denominators between our
four companies. For example, all of our companies have a major steel fabricating
component. There is a lot of ductwork in heating, ventilating, and air
conditioning. Most of our construction materials also consist of steel products.
All of our companies are located in small towns. All of our companies are
extremely well managed and compete on a very local regional basis, where we have
very high market share.
Tickers included in this excerpt: MRCR
For more information call (212) 952 7433. The
Wall Street Transcript does not endorse any of the comments made by interviewees, and does
not make stock recommendations.
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