Feb. 17, 2016

Three D Acquires Williams Metals

Three D Metals, Inc., Valley City, Ohio, has acquired Williams Metals and Welding Alloys, Inc., Wayne, Pa. The combination of the two service centers gives the company a stronger presence in the red metals market.

Three D is a distributor and processor of both ferrous and nonferrous metals, with an extensive inventory of high-carbon spring steel, cold-rolled steel, aluminum, copper and brass. Williams stocks copper, brass, bronze and aluminum in strip, sheet, rod, bar, plate, tubing and pipe forms, as well as welding consumables.

The combined enterprise, with 170 employees, has stocking locations in Valley City and Mansfield, Ohio; Birmingham, Ala.; Concord, N.C.; and St. Louis, as well as a Canadian service center in Burlington, Ontario.

David Dickens, chief executive officer of Three D Metals, says his company has been looking for acquisition opportunities for years and had approached Williams Metals in the past. “This time the stars aligned in our favor,” he says of the deal that closed last month. Joe Walton, owner of Williams Metals, will remain with Three D to assist with the transition.

Both companies bring individual strengths to the merger, Dickens says. Three D will benefit from Williams’ depth in long products, while Williams can expand in ferrous and nonferrous coil. Working together, they can add to their strength in transformers and switchgear.

“We are really excited about the opportunities it brings for all salespeople to cross-sell. It will really unleash them to sell long products, welding products, and copper and steel coil, all to the same customer. We can really offer a complete package,” Dickens says.

The company has no plans for facility consolidations or name changes, at least in the near term. It wants to make sure the merger has no negative impact on customers, he says. “We are two companies that are doing very well independently, so we are not in any rush to make big decisions.”

Along with Dickens as Three D’s CEO, Christopher Berry takes over as president, while Stephen Switaj is promoted to vice president of finance. David D. Dickens, Sr., who founded the company in 1972, remains chairman of the board.

Dickens, Jr., admits that market conditions are difficult, with the copper price near just $2 per pound. “We feel comfortable that we are strong enough and diversified enough to get through these low times. It’s a cyclical business. When it comes back we will be stronger and better with a bigger footprint.”
 

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Monday, October 23, 2017