ONeal Industries Inc. has moved further into specialty
metals with the acquisition of Vulcanium Metals Inc., further
reducing the number of independent distributors of titanium
ONeal said it has purchased the assets of privately held
Vulcanium, Northbrook, Ill., through its United Performance
Metals Inc. (UPM) subsidiary, a Hamilton, Ohio, distributor of
specialty stainless steel and high-temperature alloy sheet and
acquisition is a "natural extension" of UPMs business,
UPM president Tom Kennard said. The company also has a stocking
facility in Belfast, Northern Ireland, and carries titanium
sheet, plate, block and bars and performs a variety of
first-stage processing operations, including leveling,
shearing, sawing and laser and water-jet cutting. It supplies
the aerospace and medical markets. The financial details of the
transaction were not disclosed.
Vulcanium is a "very
well run company with a strong reputation in the marketplace,"
UPM executive vice president Annette Tiesman told AMM,
adding that titanium is "strongly complementary" to UPMs
line of stainless steel, nickel and cobalt alloy sheet and
will aid UPMs expansion into Europe through its Belfast
location and also give it a greater presence in the Midwest,
The expanded resources
of UPM and the chance for "increased collaboration" as the
result of the acquisition "strengthen our outlook for growth,"
Vulcanium president Jerry St. Clair, who will continue to
direct the companys operations, said in a statement.
further pares the number of independent domestic alloy titanium
distributors. Two of the most prominent among the remaining are
Rockaway, N.J.-based Titanium Industries Inc. and President
Titanium Co. Inc., Hanson, Mass.
N.J.-based Titanium Industries Inc., once considered the
largest titanium-only distributor, has been diversifying over
the past seven years into nickel-based, stainless and other
alloys. Earlier this year it estimated that non-titanium
products accounted for about 40 percent of its business.
however, has remained a titanium-only house, relying on its
market niche and a policy of buying only domestic product,
according to sources.