|
Article Excerpt
Copper and Brass Sales Inc. has been busy in recent months acquiring assets that boost its processing capacity and solidify its presence in certain geographic markets, while also consolidating inventories and operations.
The company purchased Millard Metals Service Center, Braintree, Mass., last December; acquired TW Metals' red metals inventory in April; and purchased MCR-Metal Center Rochester in June.
Already one of the largest nonferrous distributors in North America with over 30 locations, these acquisitions are expected to immediately add to the company's earnings, says Copper and Brass President Bill Sabol. As a unit of ThyssenKrupp Materials N.A., financial results for Copper and Brass Sales are not reported separately, Sabol says, but the company's 2003 revenues will be slightly higher than 2002's despite the continued weakness in most manufacturing sectors.
Copper and Brass Sales is in the process of consolidating the stock and equipment of TW Metals' Providence, R.I., facility into its own newly opened processing and distribution center in Smithfield, R.I. In Rhode Island, Sabol says, his company combined two slitting/re-rolling facilities into a single, larger location. "Those facilities were only 10 miles apart, and we wound up buying a new building and consolidating all of our leveling, slitting and annealing operations under one roof. All our employees [at the two plants] were able to stay with us," he adds.
The MCR acquisition in Rochester, N.Y., included all inventories and equipment and the assumption of MCR's lease. MCR processes and distributes...
|
|
More articles from Metal Center News
Walker offers electro-permanent magnet systems for cutting tables.(Cra..., September 01, 2003
Patriot controller made for rugged environments.(Cranes, Magnets, Remo..., September 01, 2003
Control Chief 8400 Series offers up to 5 motions.(Cranes, Magnets, Rem..., September 01, 2003
Microprocessor controls cranes and hoists.(Cranes, Magnets, Remote Con..., September 01, 2003
Laser Collision Avoidance System protects overhead cranes.(Cranes, Mag..., September 01, 2003
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
