Dear Customers and Suppliers:
Last month, The Federal Metal Company acquired the assets of SA Alloys in Columbia, Pennsylvania from parent company SA Recycling. Combined, we are now more than 160 employees strong with 11 furnaces and extensive processing and testing capability. Our intent is to manufacture the full range of copper-based cast alloys in our new and existing facilities with the best employees in the industry.
As we integrate these two companies, I am energized and awed by the stamina and commitment of our team. With this acquisition, The Federal Metal Company has more brass and bronze ingot-making capacity than any company in North America. We are where we are because of our laser focus on quality, service, and pricing, and that will not change. But more so, we are where we are because of the phenomenal people who work hard every day to make sure we continue to outperform every expectation.
Non-ferrous metals are at the early stages of a new super cycle. Over the next 10 to 20 years, they will play a crucial role in the revolutionary transformation from an industrial economy based on fossil-fuel-derived energy to an environmentally sustainable economy based on electrification and clean energy. We intend to be at the center of this transformation, responsibly supplying critical recycled metals of the highest quality that are needed by the leading producers.
Thank you for the confidence you place in us every day. We are committed to serving the growing number of customers that look to The Federal Metal Company as an important part of their supply chain, and the wide array of remarkable scrap processors that depend on us for responsible recycling of their material. This acquisition will support our strategic growth in new and important ways, complementing our leading position as a manufacturer of cast copper-based alloys to the foundry industry.
We look forward to sharing more exciting news in the months and years to come, and will work hard to continue serving your needs, earning your trust, and providing even greater value to you as our company evolves.
Peter J. Nagusky
President and CEO