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Bedford, Ohio-based purple metals ingot maker The Federal Metallic Co. has acquired the property of the previous Colonial Metals ingot manufacturing facility in Columbia, Pennsylvania. Federal turns into the third proprietor of the plant because it was idled in 2018 by its long-time household enterprise house owners, the Serls household.
In a discover to clients and suppliers posted to its web site, Federal Metallic states it has “acquired the property of SA Alloys in Columbia, Pennsylvania, from guardian firm SA Recycling.” That sizable scrap processing agency acquired the previous Colonial plant earlier this decade from California Metallic-X, one other ingot-making firm that bought the Columbia facility in early 2019.
Within the letter saying the most recent acquisition from Federal Metallic President and CEO Peter J. Nagusky, he writes, “Mixed, we are actually greater than 160 workers sturdy with 11 furnaces and intensive processing and testing functionality. Our intent is to fabricate the complete vary of copper-based forged alloys in our new and current services with the perfect workers within the trade.”
Continues Nagusky, “As we combine these two firms, I’m energized and awed by the stamina and dedication of our workforce. With this acquisition, The Federal Metallic Co. has extra brass and bronze ingot-making capability than any firm in North America. We’re the place we’re due to our laser give attention to high quality, service, and pricing, and that won’t change. However extra so, we’re the place we’re due to the exceptional individuals who work onerous each day to ensure we proceed to outperform each expectation.”
Surveying the altering home copper and metals manufacturing market, Nagusky writes, “Nonferrous metals are on the early phases of a brand new tremendous cycle. Over the following 10 to twenty years, they’ll play an important function within the revolutionary transformation from an industrial economic system based mostly on fossil-fuel-derived vitality to an environmentally sustainable economic system based mostly on electrification and clear vitality. We intend to be on the middle of this transformation, responsibly supplying essential recycled metals of the very best high quality which are wanted by the main producers.”
He provides, “We’re dedicated to serving the rising variety of clients that look to The Federal Metallic Firm as an necessary a part of their provide chain, and the big selection of exceptional scrap processors that rely on us for accountable recycling of their materials. This acquisition will help our strategic progress in new and necessary methods, complementing our main place as a producer of forged copper-based alloys to the foundry trade.”
Hinting that Federal Metallic could have extra information to come back, the metals firm CEO concludes, “We stay up for sharing extra thrilling information within the months and years to come back, and can work onerous to proceed serving your wants, incomes your belief, and offering even larger worth to you as our firm evolves.”
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