The Federal Metal Story 2

A Century

OF PROGRESS

Since 1913, Federal Metal has been an industry leader in high quality copper-based cast alloys.

TIMELINE

"My sister and I love carrying on our family’s proud history in this company. But we know our customers and suppliers will only do business with us if we provide value to them as a trusted partner. That’s why we work so hard, continue to innovate, and regularly reinvest in the company."

—Peter Nagusky, President

More Than 100 Years Old,

And Still in Startup Mode.

With Cleveland as our home since 1913, we’ve remained rooted in old-school integrity, beliefs and values, growing our business by working hard and being honest. Today, we are still growing and innovating and working as hard as we ever have to continue that tradition of being a valued partner. And that’s how we see ourselves—large: to be cost-competitive, nimble: to out-compete other producers, and smart: to find new solutions to old problems. We’re proving our worth to our clients, and the industry, every day.

The Federal Metal Timeline

Our company began in 1913 when Joseph Nagusky had a vision for metal-making excellence. By instilling his example of principled hard work, Federal Metal has endured two world wars, the Great Depression, the Great Recession and numerous commodity market collapses. Today, we are thriving on the foundation of our past and our relentless pursuit of industry leadership and innovation as we aim to truly change the way the metal business is conducted.

1913: Federal Metal Founded in Cleveland

Joseph Nagusky vertically integrates, turning his new non-ferrous peddler business into an ingot-making operation serving local customers.

1930: Second Generation

Twenty-year-old Mark Nagusky, having recently graduated from Harvard, starts an illustrious career that would span more than 60 years and see the company expand from a local business to a regional provider.

1959: The Big Move

Federal Metal moves into its present location in Oakwood Village, a suburb southeast of Cleveland.

1973: Third Generation

David Nagusky, after nine successful years as a stockbroker, starts his impressive 45-year career at Federal Metal, growing the company from a regional provider to a national leader.

1973: Third Generation

David Nagusky, after nine successful years as a stockbroker, starts his impressive 45-year career at Federal Metal.

1980: Scrap Solutions

Our non-ferrous scrap trading and brokerage division is established.

1992: New Equipment

The installation of two state-of-the-art induction furnaces expands production capacity and capabilities.

1990s: Innovative Breakthrough

Federalloy^® invented to eliminate lead from cast brass and bronze alloys without sacrificing mechanical properties. The company receives patents and grants several licensees, eventually selling more than 100 million pounds.

1997: Fourth Generation

Peter Nagusky, after graduating with a masters degree in business, begins his career at Federal Metal, followed shortly thereafter by his sister Karen Calo. Together they grow the company beyond the domestic industry into international markets.

1999: Fingot Introduced

Fingot, Federal Metal’s foundry-friendly ingot, is introduced and quickly becomes the industry standard for clean, 100% metallic, oxide free ingot.

2000s: Sales Growth

Federal Metal is recognized six times in seven years as one of the Weatherhead 100 fastest growing companies in Northeast Ohio, including 2008 honors as the #1 Centurion.

2008: Operational Expansion

To continue supporting their expanding markets and growing demand, Federal Metal acquires new property and buildings that double the existing Division St. footprint.

2010: Union Free

After more than 45 years of collective bargaining agreements with the United Steelworkers, the company withdraws recognition of the union and begins the ‘One Team One Goal’ era.

2015: Diversification

Federal Metal establishes BAM Metals, LLC, a new scrap processing company and feeder yard near North Canton, Ohio.

2019: Outstanding Teamwork

For the second time in eight years, Federal Metal is named a Cleveland Plain Dealer Top Workplace in an eleven-county region, based on employee surveys.

2019: Fifth Generation

Ryan Calo, great-great-grandson of founder Joseph Nagusky, joins the company as a metal trader and route buyer to serve local accounts.

2020: Aluminum PSA™

With its most significant capital investment in a generation, Federal Metal commissions new equipment and a proprietary process to provide high-purity PSA™ (pre-melt specification) aluminum products to mills and foundries.