Economy
Samuel Targets Aerospace with Metal Spinners Acquisition
Written by Tim Triplett
January 3, 2018
Strengthening its position as a supplier of high-value-added metals to the aerospace sector, Toronto-based Samuel, Son & Co. has acquired Metal Spinners Holdings.
Metal Spinners will operate as a separate group within Samuel’s manufacturing division. The group will include Missouri Metals of St. Louis, Mo., and Metal Spinners’ production facilities in Angola, Ind., Rock Falls, Ill., and Saginaw, Texas.
Missouri Metals manufactures precision components and assemblies for both the aerospace and power generation industries. Metal Spinners supplies metal spinning, hydroforming, deep drawing and other specialized metal formed products for air handling, energy, agriculture and other industrial market segments.
Samuel Manufacturing President Rod Crawford said the acquisition represents a further step in Samuel’s growth strategy for the aerospace market. “With this acquisition, Samuel is broadening our metal-forming capabilities, and is positioning both Missouri Metals and Metal Spinners for significant growth by leveraging our extensive customer relationships in key targeted markets, such as aerospace.”
Metal Spinners Holdings CEO Olin Wiland will remain as Group President for the business. “We are recognized as valuable business partners to our customers, including many of the major aerospace and industry leading OEMs around the world. Joining forces with Samuel allows both Metal Spinners and Missouri Metals to leverage Samuel’s commercial organization, culture and sales network for incredible growth opportunities,” Wiland said.
Samuel, Son & Co. is a family-owned and operated network of metal manufacturing, processing and distribution divisions with more than 100 facilities and 4,800 employees.
Tim Triplett
Read more from Tim TriplettLatest in Economy
Steel, manufacturing, and union groups divided on S232 tariffs
Domestic steel trade associations, manufacturing groups, and the United Steelworkers (USW) union had mixed reactions to the implementation of new Section 232 tariffs without exclusions on Wednesday. Trade groups representing steel mills broadly supported President Trump’s actions, while the USW and some groups representing manufacturers were more critical. AISI Kevin Dempsey, president and CEO of […]
CRU: Will US tariff policy be transactional or transformational?
The Trump 1.0 tariffs appeared to have little positive effect on the US manufacturing, partly because they hurt export competitiveness.
Beige Book finds mixed demand trends, tariff concerns
Manufacturing activity exhibited slight to modest increases across a majority of districts. However, manufacturers expressed concerns over the potential impact of looming trade policy changes between late January and February.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]
ISM: Manufacturing expansion slowed in February
The Manufacturing PMI registered 50.3% in February. That’s 0.6 percentage points lower compared to the 50.9% recorded in January.