Archive for the ‘Specialty Metals’ Category

After 80 years, family sells Superior Tube to private investment firm

COLLEGEVILLE — One of Montgomery County’s oldest family-owned companies has been sold to a private investment firm. Superior Tube, founded in 1934 by Clarence Warden and S. Landis Gabel to produce small diameter steel tubing for a then-emerging aircraft industry, is now the property of Massachusetts-based The Watermill Group. In tandem with the purchase of…

October 26, 2012

Watermill Group in the BGL Metals Insider

Watermill was recently interviewed for the BGL Metals Insider, a highly respected industry report published by middle market investment banking firm Brown Gibbons Lang & Co.  Download the report and see page 10 for a full article on Watermill’s recent acquisition of Superior Tube, Inc and Fine Tubes, Ltd.

October 12, 2012

The Watermill Group Acquires Two Elite Metals Manufacturers

Fine Tubes Ltd. and Superior Tube Company Combine Forces to Expand Global Presence and Accelerate Growth Lexington, Mass. – Sept. 11, 2012 – The Watermill Group, a strategy-driven private investment firm, announced the acquisition of two manufacturers specializing in high-precision metal tubing – Fine Tubes Ltd. in Plymouth, United Kingdom, and Superior Tube Company Inc….

September 13, 2012

Plymouth Firm Fine Tubes Gets New Owner

A Plymouth engineering factory has been taken over by new owners. Fine Tubes Ltd has been bought by private investment firm the Watermill Group along with its sister company in the US, managers said. The factory – which makes high-spec tubes for the aerospace, medical and nuclear industries – currently employs about 380 people. In…

September 11, 2012

Deal Sees Fine Tubes Under New Ownership

Plymouth engineering firm Fine Tubes has announced that it is now under new ownership following a deal with an American private equity firm. The Estover-based business, which employs 380 people, makes high-precision tubes from stainless steel, nickel, titanium and zirconium alloys. These are used across a range of industries, from oil and gas and nuclear…

September 11, 2012

Carpenter/Latrobe Merger Nominated for American Metal Market Awards for Excellence

NEW YORK, NY, Jun 04, 2012 (MARKETWIRE via COMTEX) — American Metal Market proudly announces the finalists for the 2012 Awards for Steel Excellence. The 2012 Awards for Steel Excellence program will recognize the most innovative companies across multiple categories. The winners will be announced and honored at a special dinner on June 19, 2012…

June 4, 2012

Watermill and Hicks Announce Completion of Latrobe Specialty Metals Merger with Carpenter Technology Corp

Strategy Transforms Small Steel Division into Specialty Metals Leader, Delivering 10x Return Lexington, Mass. and Dallas, Texas – February 29, 2012 – The Watermill Group, a strategy-driven private investment firm, and Hicks Equity Partners (“HEP”), the private equity investment vehicle of the Thomas O. Hicks family, today announced the completion of the merger between Latrobe…

February 29, 2012

Carpenter Technology to Acquire Latrobe

Carpenter Technology Corporation (NYSE: CRS) and Latrobe Specialty Metals, Inc. today announced they have entered into a definitive merger agreement whereby Carpenter will acquire Latrobe in a transaction valued at approximately $558 million. In the transaction, 8.1 million shares of Carpenter stock, subject to certain adjustments for working capital and pension, representing a current equity…

June 20, 2011

Latrobe Specialty Steel Company Names Christopher DiSantis President and CEO

Latrobe, PA, January 17, 2011 – Latrobe Specialty Steel Company, a leading global manufacturer and distributor of high performance specialty metals, announces the appointment of B. Christopher DiSantis as President and Chief Executive Officer. With a background in metals and materials sciences plus extensive experience in aerospace and defense, DiSantis brings to Latrobe an outstanding track…

January 17, 2011

Latrobe Wins AMM Best Operational Improvement Award

Latrobe, PA – On June 22nd, Latrobe Specialty Steel’s VIM-VAR expansion won the inaugural American Metal Market Award for Excellence for Best Operational Improvement. This expansion supports growing demands for high quality vacuum melted steels from the American military, as well as from many commercial aerospace, power generation and petroleum exploration customers. Latrobe Specialty Steel…

June 24, 2010