O'Neal Forms Synergistic High-Performance Metals Group Made Up Of Five Specialized Subsidiaries
BIRMINGHAM, AL March 2, 2007 - In a bold move signaling its increasing commitment to provide the highest level of service to customers requiring high-performance/high-temperature metals, O'Neal Steel has announced the formation of a new entity specifically focused on that market segment. Five of O'Neal's separate and independently operated business units, currently serving the aerospace and other high-performance metals markets, will now closely coordinate their operational activities and customer services, and will selectively integrate and share stocking and processing facilities
While continuing to do business individually, the five companies will form a new cooperative and synergistic body known as O'Neal-HPMG (High-Performance Metals Group). The companies involved are: TW Metals, Aerodyne Alloys, Ferguson Metals, AIM International, and Supply Dynamics. The group represents an unprecedented combination of strengths in the marketplace, and unsurpassed value to customers. Each company is a leader in its field, and brings unique customer benefits to the process of material sourcing.
TW Metals stocks and processes pipe, tube, bar, rod, sheet and plate in stainless, aluminum, and alloy, as well as a variety of high alloys such as nickel and titanium. Headquartered in Exton, Pennsylvania, TW has a large distribution network in the U.S., Europe, and Asia.
Aerodyne Alloys is a world leader among suppliers and processors of specialized materials, such as nickel, cobalt, and titanium-based alloys. The company is headquartered in South Windsor, Connecticut.
Ferguson Metals is a leading supplier of specialty stainless steel and high-temperature alloys, with comprehensive in-house slitting, leveling, edging, and shearing capabilities. Headquartered in Hamilton, Ohio, Ferguson offers a comprehensive inventory of hard-to-find grades and gauges that are ordered to specific decimal thicknesses.
AIM International serves the aerospace turbine engine and airframe markets as a processor and distributor of bar, plate, and sheet forms of nickel, cobalt, titanium, stainless, and alloy steel. Headquartered in Cincinnati, AIM International is truly a global company, with more than half its sales derived from customers outside North America.
Supply Dynamics is the leading provider of raw material consolidation solutions known as "Material Demand Aggregation." Located in Cincinnati, the company enables Original Equipment Manufacturers and their sub-tier suppliers to achieve superior efficiency through the application of innovative processes, proprietary IT solutions, and unique sourcing methodologies.
"The formation of this group is simply a means of harnessing the best of each company's capabilities, skills, and resources to maximize the value O'Neal brings to its customers and suppliers," said Craft O Neal, Chairman of O'Neal Steel. From small-lot orders to complete supply chain management solutions, the objective is to ensure that O'Neal-HPMG is the only global source a customer will ever need to service its raw material and related supply chain needs.
This objective will be fulfilled by the group's ability to offer: the broadest and deepest material inventories,the largest volume procurements, representing both availability and value for
customers, the best and deepest knowledge of markets requiring high-performance metals, the most robust information systems and vertical supply chain tools, state-of-the-art domestic and international facilities with precise processing capabilities.
The initial phase of integration activities will combine inventories of heat-resistant flat and long products to take full advantage of cut-to-length, slitting, and other operational synergies.
O'Neal Steel is the nation's largest family-owned, full-line metals service center with annual sales of more than $2.3 billion, headquarters in Birmingham, Alabama, and more than 70 locations in North America, Europe, and Asia. The O'Neal family of companies includes O'Neal Steel, Aerodyne Alloys, AIM International, Ferguson Metals, Leeco Steel, Metalwest, Supply Dynamics, Timberline Steel, and TW Metals.
For more information contact
High-Performance Metals Group
Shirley Fagan at 205-599-8272, sfagan@onealsteel.com