Newsroom

Michigan Seamless Tube, LLC Named One of Michigan’s Top Workplaces for 2013

SOUTH LYON, MI – Michigan Seamless Tube, LLC (“MST” or the “Company”), a leading manufacturer of high-quality carbon and alloy seamless cold-drawn pipe and tube, today announced it has been recognized by the Detroit Free Press, the City’s largest daily newspaper, and WorkplaceDynamics, an independent research firm specializing in developing surveys that measure organizational health, as one of Michigan’s Top Workplaces.


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Kentucky Electric Steel Completes $6 Million Rolling Mill Enhancement

ASHLAND, KY – KES Acquisition Company d/b/a Kentucky Electric Steel (“KES” or the “Company”), a value-added manufacturer of Special Bar Quality (“SBQ”) and Merchant Bar Quality (“MBQ”) steel bar products and wholly-owned subsidiary of Optima Specialty Steel, Inc. (“OSS”), today announced that is has completed its previously announced $6 million project to significantly enhance its rolling mill capabilities. As a result of the upgrades, KES is now capable of producing high-quality round bars with diameters up to 3.8 inches. The expanded product offering enables KES to better serve its current customers and expands the Company’s new business opportunities.


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Michigan Seamless Tube and Wheatland Tube Company Form Strategic Partnership

South Lyon, Michigan – Michigan Seamless Tube (“MST”), a leading manufacturer of high-quality carbon and alloy seamless cold-drawn pipe and tube, has partnered with Wheatland Tube Company (“Wheatland Tube”) to provide high quality A106 seamless pipe (sizes ½” through 4”) to the North American steel market.


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Kentucky Electric Steel Announces $6 Million Capital Improvement Project

Ashland, KY – KES Acquisition Company d/b/a Kentucky Electric Steel (“KES” or the “Company”), a value-added manufacturer of Special Bar Quality (“SBQ”) and Merchant Bar Quality (“MBQ”) steel bar products and wholly-owned subsidiary of Optima Specialty Steel, Inc. (“OSS”), today announced that OSS has committed $6 million in capital to provide KES with the ability to produce high-quality round bars with diameters up to 3.75 inches. This significant investment is the first made by OSS since finalizing its acquisition of KES in February of this year.


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Optima Specialty Steel, Inc. Announces Planned Executive Officer and Board of Directors Changes

MIAMI, FL – Optima Specialty Steel, Inc. (“Optima”), one of North America’s leading independent manufacturers of specialty steel products including cold drawn seamless tubes, cold finished steel bars and hot rolled steel bars, today announced planned transitions in executive and Board leadership.


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MST – Seamless Tube & Pipe Completes Pickle House Expansion

SOUTH LYON, MI – MST – Seamless Tube & Pipe (“MST” or the “Company”), a leading manufacturer of high-quality carbon and alloy seamless cold-drawn pipe and tube, today announced that it has completed construction of a new 9,600 square foot pickle house, the fifth such structure at MST’s 320,000 square foot facility. Construction on the new facility commenced in October 2012.


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Optima Specialty Steel, Inc. to Acquire Kentucky Electric Steel

MIAMI, FLORIDA – Optima Specialty Steel, Inc. (“Optima Specialty Steel”), a portfolio company of Optima Acquisitions, LLC (“Optima Acquisitions”), today announced the closing of its previously announced transaction with ALJ Regional Holdings, Inc. (“ALJ”) to acquire 100 percent of KES Acquisition Company dba Kentucky Electric Steel (“KES”). All conditions of closing have been satisfied by both parties.


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Investments in Technology Drive Customer Satisfaction at Michigan Seamless Tube

SOUTH LYON, MI – A commitment to customer service and innovation have served as the cornerstone of Michigan Seamless Tube’s (MST) success since its inception over 85 years ago. Today, the South Lyon, Michigan-based manufacturer of high-quality carbon and alloy seamless cold-drawn pipe and tube, continues to provide customers with unparalleled value by investing in new technologies that enhance the quality of its products, shorten lead times and save customers money over the long term.


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John H. Goodish Appointed Independent Director

MIAMI, FL – Optima Specialty Steel, Inc. (the “Company”), one of North America’s leading independent manufacturers of high quality cold drawn seamless tubes and cold finished steel bars, today announced that it has appointed John H. Goodish as an independent director of the Company, effective June 5th, 2012. Mr. Goodish brings extensive financial and managerial expertise to Optima’s Board, including considerable operational experience gained through a series of important positions held during his 40-year tenure at United States Steel Corporation (NYSE: X) (“U.S. Steel”).


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