MIAMI--(BUSINESS WIRE)-- Georgian American Alloys, Inc. (“GAA”) has acquired the membership interests of CC Metals & Alloys (CCMA), a leading producer and supplier of high-grade ferrosilicon alloys for use in the steel, foundry and welding rod industries, from affiliated Optima Group LLC in exchange for shares of GAA. CCMA now joins Felman Production, LLC and Felman Trading, Inc. as subsidiaries of GAA.
“This transaction places the affiliated companies of CCMA, Felman Production and Felman Trading under one US company, Georgian American Alloys, which will further leverage Georgian American Alloys’ buying power, offer customers a wider selection of products, and strengthen both manufacturers with key synergies,” said Motti Korf, Chief Executive Officer of both CCMA and GAA. “CC Metals & Alloys’ longstanding track record of quality, customer service and on-time delivery as well as concentration on specialty, value-added products will continue to be a hallmark under this new structuring,” continued Mr. Korf.
Felman Trading, Inc., a ferroalloys trading company, will continue to be the primary distributor of ferrosilicon produced by CC Metals & Alloys. Since its founding in 2008, Felman Trading has represented some of the world’s largest, longstanding alloy producers from Ukraine, Georgia, Romania and the United States, including sister company Felman Production. Felman Trading sells ferroalloys to steel makers and foundries in North, Central and South Americas.
About Georgian American Alloys, Inc.
Georgian American Alloys, Inc. is a leader in the ferroalloy industry with its holdings Felman Trading, Inc., Felman Production, LLC CC Metals & Alloys, LLC. GAA also provides management oversight of Georgian Manganese, LLC and Vartsikhe 2000, LLC. Based in Miami, FL, Felman Trading represents some of the world’s largest, longstanding alloy producers from Ukraine, Georgia, Romania and the United States, selling ferroalloys to steel makers and foundries in North, Central and South Americas. Felman Production, Inc., based in New Haven, WV, is one of two producers of silicomanganese in the US. Calvert City, KY-based CC Metals & Alloys, LLC is producer of high-grade ferrosilicon and specialty alloys. Georgian Manganese and Vartsikhe 2000 comprise of a manganese ore mining operation, the largest ferroalloys plant in Georgia producing silicomanganese, and a hydroelectric power facility.
About CC Metals & Alloys, LLC:
Founded in 1949 and headquartered in Calvert City, KY, CC Metals & Alloys (CCMA) is a leading producer and supplier of high-grade ferrosilicon alloys, elements essential in the manufacturing of steel. CCMA’s 400,000 square foot, ISO 9001 certified facility utilizes three submerged arc electric furnaces, which operate around-the-clock, to produce over 100,000 metric tons of various types of ferrosilicons. The company offers over 35 competitively priced products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, which are crushed and sized on-site to meet its clients’ exact specifications. CCMA’s products are distributed to steel manufacturers located throughout North and South America. CCMA is a wholly-owned subsidiary of Miami-based Georgian American Alloys, Inc. For more information, please visit: http://www.ccmetals.com/
About Felman Trading, Inc.:
Founded in 2008 and headquartered in Miami, FL, Felman Trading, Inc. is a global supplier of manganese and silicon ferroalloys, elements essential in the manufacturing of steel. Felman Trading is the sole trader and distributor of ferroalloys produced by its West Virginia-based sister company Felman Production, Inc. Through its exclusive contracts with Felman Production and other domestic and international ferroalloy manufactures including CC Metals & Alloys, LLC, Georgian Manganese, SC Feral SRL, Nikopol Ferroalloy Plant, Zaporozh’ye Ferroalloy Plant and Stakhanov Ferroalloy Plant, Felman Trading delivers ferroalloys to metallurgical consumers in North, Central, and South America. The company’s robust supply chain and multiple distribution centers allow it to fill orders quickly and efficiently at competitive prices. Felman Trading is a wholly-owned subsidiary of Miami-based Georgian American Alloys, Inc. For more information, please visit: www.felmantrading.com/
About Felman Production, LLC:
Founded in 2006 and headquartered in New Haven, WV, Felman Production, LLC is a leading producer of high-quality ferrosilicomanganese, an essential deoxidizer and alloy additive used in the manufacturing of steel. By utilizing multiple furnaces, which operate around-the-clock, the company produces approximately 105,000 metric tons of silicomanganese annually at its 190 plus acre facility. Felman Production’s products are distributed to steelmakers across North and South America through its sister company Felman Trading, Inc., an international ferroalloys trading company. Felman Production is one of only two companies in the United States that produces critically important silicomanganese. Felman Production is a wholly-owned subsidiary of Miami-based Georgian American Alloys, Inc. For more information, please visit: www.fpiwv.com/
This release contains certain “forward-looking statements” made pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the Company’s actual results to be materially different from those expressed or implied by such statements. The forward-looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Source: Georgian American Alloys, Inc.