O’Neal Expands on West Coast with Plus Ten Stainless Acquisition
O’Neal Industries Inc., Birmingham, Ala., through its subsidiary, United Performance Metals, has acquired Plus Ten Stainless Inc., a provider of precision cold saw cut stainless steel, nickel alloy and stainless plate. Plus Ten operates a single processing and distribution facility in Benicia, Calif.
The addition of Plus Ten is a strategic expansion for UPM, which is based in Hamilton, Ohio. “Acquiring a well-respected and successful company such as Plus Ten gives us an immediate presence and a strong position in a key geographic area,” says UPM President Tom Kennard. “The company is an outstanding addition to our High Performance Metals Group and enhances our overall strength in products such as precision cut stainless plate.”
Todd Rhodes, president of Plus Ten, will continue to oversee the company’s operations, which offer a wide range of products for the semiconductor, telecommunications, aerospace, medical and agricultural industries. “The team at Plus Ten is excited to become a member of the O'Neal family of companies. We see a bright future and numerous opportunities going forward given the tremendous resources O'Neal brings to our operation,” Rhodes says.
O’Neal Industries is the nation’s largest family-owned metals service center with more than 80 locations in North America, Europe and Asia and sales of approximately $2 billion in 2010.