Press Room - Acquisition of Alloys Unlimited
- Created on Thursday, 30 July 2015 13:00
Rodney L. Scagline
Executive Vice President
FOR IMMEDIATE RELEASE
JULY 29, 2015
Union Electric Steel Corporation Announces Acquisition of Alloys Unlimited and Processing, Inc.
Carnegie, PA (July 29, 2015) – Union Electric Steel Corporation, a subsidiary of Ampco-Pittsburgh Corporation (NYSE: AP), today announced the acquisition of the business and assets of Alloys Unlimited & Processing, Inc. The newly formed subsidiary, Alloys Unlimited and Processing, LLC, will be based in Austintown, OH and will continue to operate as a leader in the supply of specialty tool, alloy, and carbon steel round bar to customers locally and nationwide. Alloys Unlimited will also provide specialty services, including precision saw cutting, lathe capabilities, CNC machining, rough turning, boring, heat treating, trepanning, and production cutting.
Mr. Jeff Burgess, newly appointed Vice President of Alloys Unlimited and Processing, LLC, said: “This acquisition is part of Ampco-Pittsburgh’s ongoing diversification and growth strategy. We plan to expand inventories of current Alloys Unlimited’s product offerings and add new domestically produced products to provide greater choice, better service, and faster response to our customers.”
About Union Electric Steel Corporation
Union Electric Steel Corporation is a subsidiary of Ampco-Pittsburgh Corporation. It is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries as well as a supplier of ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Union Electric Steel Corporation operates manufacturing facilities in the United States and United Kingdom, with sales offices in the United States, United Kingdom, and Belgium. Corporate headquarters is located in Carnegie, Pennsylvania.