Private equity firm Platinum Equity has agreed to buy SCM Metal Products Inc. from Gibraltar Industries, Inc. SCM manufactures and distributes copper-based powder and pastes and copper oxide powders to a broad range of industries.
SCM has manufacturing facilities in Research Triangle Park, NC, and Suzhou, China.
This is a very exciting time for all of us at SCM,”said Barton White, president of SCM. “We expect to have additional resources to grow our business both organically and through M&A transactions. There are many opportunities for growth in the U.S., China and the other export markets SCM serves in the powder metallurgy, chemical, electronics and industrial markets.”
Platinum has a history in the metals business.
In August 2008 Platinum sold PNA Group, a processor and distributor of metals products, to Reliance Steel &Aluminum Co. in a transaction valued at $1.1 billion.
In October 2007 Platinum sold ESM Group, which supplies a variety of products and services to the steel industry, to SKW Metallurgie following a comprehensive reorganization in which Platinum established ESM as a standalone company.
In October 2007 Platinum acquired Ryerson Inc., a metals service center provider in North America with revenue of $6 billion.
Platinum Equity Agrees to Buy SCM Metal Products
Private equity firm Platinum Equity has agreed to buy SCM Metal Products Inc. from Gibraltar Industries, Inc. SCM manufactures and distributes copper-based powder and pastes and copper oxide powders to a broad range of industries.
SCM has manufacturing facilities in Research Triangle Park, NC, and Suzhou, China.
This is a very exciting time for all of us at SCM,"said Barton White, president of SCM. "We expect to have additional resources to grow our business both organically and through M&A transactions. There are many opportunities for growth in the U.S., China and the other export markets SCM serves in the powder metallurgy, chemical, electronics and industrial markets."
Platinum has a history in the metals business.
In August 2008 ...
SCM has manufacturing facilities in Research Triangle Park, NC, and Suzhou, China.
This is a very exciting time for all of us at SCM,"said Barton White, president of SCM. "We expect to have additional resources to grow our business both organically and through M&A transactions. There are many opportunities for growth in the U.S., China and the other export markets SCM serves in the powder metallurgy, chemical, electronics and industrial markets."
Platinum has a history in the metals business.
In August 2008 ...
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