DALLAS, Aug. 3, 2012 (GLOBE NEWSWIRE) -- PMFG, Inc. (Nasdaq:PMFG), (parent of Peerless Mfg. Co.), conducted a ceremonial groundbreaking at the construction site of its new 80,000-square-foot manufacturing facility in Denton, Texas. CBRE represented Peerless Mfg. Co in the acquisition of approximately 33 gross acres in Denton County.
"We continue to see growth in demand for our environmental and process products equipment both domestically and internationally. This growth is attributed in large part to the role that natural gas will play in meeting future energy requirements. The new facility to be located in Denton, Texas, will expand our existing manufacturing capabilities in the United States and support our global supply chain needs," according to Peter Burlage, Chief Executive Officer of PMFG. When fully operational the facility anticipates employing over 150 people.
About PMFG
PMFG is a leading provider of custom engineered systems and products designed to help ensure that the delivery of energy is safe, efficient and clean. We primarily serve the markets for power generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas, Texas, we market our systems and products worldwide.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.