Plus Ten Acquisition
6 September 2011
For Immediate Release
BIRMINGHAM, AL — O’Neal Industries, Inc. through its subsidiary, United Performance Metals, Inc., (UPM) has acquired Plus Ten Stainless, Inc., a provider of precision cold saw cut stainless steel, nickel alloy, and stainless plate. Plus Ten operates a single processing and distribution facility in Benicia, California in the San Francisco Bay area.
The addition of the Plus Ten is a strategic expansion for UPM, which is based in Hamilton, Ohio. “Acquiring a well-respected and successful company such as Plus Ten gives us an immediate presence and a strong position in a key geographic area,” said UPM President, Tom Kennard. “The company is an outstanding addition to our High Performance Metals Group and enhances our overall strength in products such as precision cut stainless plate.”
Todd Rhodes, President of Plus Ten, will continue to oversee the company’s operations, which offer a wide range of precision cut products for end users in the semiconductor, telecommunications, aerospace, medical, and agricultural industries.
“”The team at Plus Ten is excited to become a member of the O’Neal family of companies, we see a bright future and numerous opportunities going forward given the tremendous resources O’Neal brings to our operation”, said Rhodes.
O’Neal Industries oversees the operations of O’Neal Steel, Inc. and its affiliated companies including UPM. O’Neal Industries is the nation’s largest familyowned metals service center with sales of approximately $2 billion in 2010. The company’s Industrial Metals Group (IMG) and High-Performance Metals Group (HPMG) consist of eight leading brands working cooperatively to provide added value to customers in diverse markets throughout the world. O’Neal is headquartered in Birmingham, Alabama and has more than 80 locations in North America, Europe, and Asia. For more information, visit onealind.com
For more information, contact Shirley Fagan at 205-599-8272 or firstname.lastname@example.org