Aluminum Extrusion Producer Increases No. American Coverage with Acquisition, New Facilities
A North American extrusion and forging grade billet producer recently announced plans to proceed with new aluminum remelt facilities for billet and slab ingot casting and related processes and services. This will involve new facilities, increasing the company’s existing 1 billion pounds per year capacity by 75%.
With this approval from the Giampaolo Group Management Board, Matalco increases capacity by 350 million pounds in Lordstown, Ohio, 180 million pounds in Canton, Ohio, 225
million pounds in Bluffton, Indiana (previously Alexin LLC), and 250 million pounds in Brampton, Ontario.
Earlier in the year, Matalco acquired Alexin LLC.
The catalyst for these investments is in response to the needs voiced by customers in under-served market geographies, their requirements for increased product breadth, and processing services for the vast and growing automotive fflat-rolled aluminum product supply chain and the product feature needs of specialty alloy aluminum billet markets.
“We are an established leader in the remelt aluminum business. Matalco’s four existing aluminum plants have the broadest product offering and flexibility for providing closed loop, scrap-based billet, and slab ingot products,” said Tom Horter, president of Matalco USA Operations noted. “The proven capabilities of our people, assets, and technologies provide the nucleus and granularity for understanding market challenges and generating the solutions to meet the
future supply chain requirements of our customers.”
Horter added, “The recent integration of Alexin into Matalco has provided the right base for new employee training and innovative product and process development enabling speed to
market in these growing niche areas, bringing to life the exciting business possibilities to attain the Giampaolo Group’s medium and long-term objectives for our businesses.”
Matalco has not announced the number of plants that have been approved, nor their exact locations.
“Our team has been working with state and local economic representatives in the Upper Midwest states of Michigan, Illinois, Wisconsin, and Minnesota, and the southern states of Alabama, Tennessee, and Kentucky,” said Frank Mastrandrea, from the Giampaolo Group Management Board.
Photo credit: Vecohio
