Metals USA acquires The Richardson Trident, a provider of non-ferrous products and services including precision boring, sheeting, tuning, shearing, honing, sawing and slitting. The newly acquired company will continue to operate under the current name.
Since last April, Metals USA has acquired three businesses including the Trident. The company is expanding its market coverage by acquiring eight processing centers from Trident. The centers are located in California, Georgia, Massachusetts, Oklahoma, and Texas.
Trident generates major revenues by delivering products to blue chip companies in the oil and gas sector. The non-ferrous product producer also generates revenues from other markets such as transportation, aerospace and defense. Hence, with the Trident acquisition, the company can optimize its position in the above four markets.
Metals USA’s Chairman and CEO, states that Trident combines all factors ideal for a potential acquisition. The factors include high profitability, good reputation and valid market position. He also says that the company expects an increase in EBITDA margin with a high EBITDA margin of Trident. Metals USA, producer of processed aluminum, carbon steel, stainless steel and other metals, believes that Trident acquisition will immediately produce changes in the company’s profitability.
Source: http://www.metalsusa.com/