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Ben Schmidt has been promoted to industry sales manager for Bradbury, Moundridge, Kan. He has been with Bradbury for 14 years, serving as industry sales leader since 2015.
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Cleveland Cliffs Inc. and AK Steel Holding Corp. have extended the expiration date in connection with the previously announced exchange offers by Cliffs and consent solicitations by AK Steel to March 13. The companies expect to close their merger on the new expiration date, earlier than anticipated.
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Worthington Industries Inc., Columbus, Ohio, will consolidate its oil and gas equipment manufacturing operation in Wooster, Ohio, into its existing facility in Bremen, Ohio. The consolidation will help utilize available capacity at Bremen which manufactures similar products. The closure of the Wooster operation is expected to be complete by May 31.
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Cleveland Cliffs Inc. and AK Steel Holding Corp. have extended the expiration date in connection with the previously announced exchange offers by Cliffs and consent solicitations by AK Steel to March 13. The companies expect to close their merger on the new expiration date, earlier than anticipated.
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Mark Kauffman has joined MC Machinery as a regional sales representative. He will represent Southern California, Nevada and New Mexico.
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Hannibal Industries, Los Angeles, has announced growth in both personnel and material offerings. The changes are being made to grow the tubular side of the business.
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Shannon Morris has joined MC Machinery, Chicago, as a regional sales manager. Morris will serve as a representative for North/Central and a portion of East Texas.
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Plymouth Tube Co., Warrenville, Ill., has acquired Nisshin Automotive Tubing, Versailles, Ky., from Nippon Steel Nisshin Holding.
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The board of directors of Arconic Inc. has approved the separation of the company into two independent, publicly traded entities. The separation is scheduled to become effective on April 1, 2020 before the opening of the New York Stock Exchange.
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United States Steel Corp., Pittsburgh, reported a full-year 2019 net loss of $642 million and a fourth-quarter 2019 net loss of $680 million. Full-year 2019 adjusted net earnings were $15 million, compared with the 2018 adjusted net earnings of $1,115 million.
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