NEW YORK Coming out of
retirement to lead Sharon Tube was an easy decision for former
chief executive officer William Perrine, who was recently
tapped to lead the relaunch of the brand.
"It feels great to be back. This
is truly my home. My father worked here in this factory before
I did," Perrine told AMM.
Perrine, who started working at
Sharon Tube Co. as a laborer in 1970, left in 2007 after the
company was acquired by former JMC Steel Group Inc. owner
Carlyle Group LP, Washington. The market leader in
drawn-over-mandrel mechanical tube products was then integrated
into JMC subsidiary Wheatland Tube Co.
Chicago-based JMC, now owned by
the Zekelman family, has committed itself to revamping the
Sharon Tube brand (
amm.com, March 5). The company plans to invest $40
million in new equipment at its Sharon, Pa., plant, which will
include a lubing line, a drawbench, an annealing furnace, a
finishing line and a pointer that will allow the company to
make drawn-over-mandrel tube measuring up to 9 inches in
outside diameter with a wall thickness of 0.625 inches.
"Were going to be
commissioning equipment in a few weeks," Perrine said of the
expansion, which was initially slated for completion in the
first quarter of 2013 (
amm.com, Aug. 9, 2011).
The new investment comes after
the plant was consolidated with JMCs Wheatland, Pa.,
facility due to slack demand (
amm.com, Nov. 8, 2009).
drawn-over-mandrel tubing market, which is now seeing steady
demand, is once again expected to strengthen as the economy
"I think were seeing a
general improvement," Perrine said. "Its not where it has
been historically, but were seeing strength."
The product, with its ability to
satisfy "very, very tight dimensional tolerances," he said, is
used in the automotive, construction and mining sectors.
JMC will once again start
marketing its drawn-over-mandrel products under the Sharon Tube
name starting April 1.