Steel

ESAB Corporation Announces Offering of Senior Notes

Retrieved on: 
Monday, March 25, 2024
Engineering, Chemicals, Plastics, Automotive Manufacturing, Other Retail, Aerospace, Other Construction & Property, Manufacturing, Construction & Property, Building Systems, Other Energy, Retail, Coal, Alternative Energy, Energy, Machinery, Machine Tools, Metalworking & Metallurgy, Trucking, Maritime, Air, Transport, Other Manufacturing, Steel, ESAB, Person, Regulation, Sale

ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it intends to offer senior notes in an aggregate principal amount of $600 million maturing in 2029 (the “Notes”), subject to market conditions.

Key Points: 
  • ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it intends to offer senior notes in an aggregate principal amount of $600 million maturing in 2029 (the “Notes”), subject to market conditions.
  • ESAB intends to use the net proceeds from the sale of the Notes to repay the outstanding borrowings under its senior term loan A-3 facility, with the remainder to be used for general corporate purposes.
  • The Notes will be guaranteed (the “Guarantees”) by certain of ESAB’s domestic subsidiaries.
  • This press release contains information about the pending offering of the Notes, and there can be no assurance that the offering will be completed.

Generational Equity Advises Fritsch Equipment Corporation in its Sale to a Local Group of Private Investors (led by SLK Finance and in Partnership with Ron Fritsch)

Retrieved on: 
Friday, March 22, 2024
Automotive Manufacturing, Manufacturing, Finance, Banking, Business, Other Automotive, Professional Services, Men, Agriculture, General Automotive, Natural Resources, Other Manufacturing, Automotive, Machinery, Steel, Consumer, Poly, Equity, Sale, Fritsch, Angel, M&A

Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Fritsch Equipment Corporation to Private Investors.

Key Points: 
  • Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Fritsch Equipment Corporation to Private Investors.
  • Located in De Pere, Wisconsin, Fritsch Equipment Corporation (Fritsch) manufactures its own line of branded farm equipment, and also carries farming equipment from other brands to ensure a wide range of product offerings for its clients.
  • Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss , Stephen Dinehart, a Generational Group Authorized Affiliate, with the support of Vice President, M&A, Lance Thomsson successfully closed the transaction.
  • Executive Managing Director, Rick Buchoz established the initial relationship with Fritsch.

Fonon Highlights Its Titan FX Laser Cutting Systems for Applications in the Defense Industry

Retrieved on: 
Friday, March 22, 2024
Mobile, Wireless, Technology, Homeland Security, Defense, Government Technology, Military, Other Defense, Contracts, Public Policy, Government, Machine Tools, Metalworking & Metallurgy, Drones, Robotics, Security, Satellite, Photography, Other Manufacturing, Other Technology, Steel, Engineering, Networks, Hardware, Aerospace, Electronic Design Automation, Manufacturing, Radiation, Vibration, Titanium, Corporation, Light, Metal, Motion, Stainless steel, Nickel, Aircraft, FX, Aluminium, Ceramic

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for manufacturing in the defense industry.

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for manufacturing in the defense industry.
  • Fonon is proud to serve manufacturers in the defense industry by offering its precision metal cutting solution, the Titan FX Laser Cutting System.
  • The Titan FX is a flatbed multipurpose fiber laser cutting system available in several sizes that offers a high-performance, cost-effective way to cut metals, including highly reflective metals.
  • The defense industry uses highly reflective metals across a multitude of applications, from transport and ballistics to protective gear components.

Laser Photonics Corporation Enters Distribution Agreement With Incredible Supply & Logistics for Its Military & Industrial Laser Solutions

Retrieved on: 
Thursday, March 21, 2024
Automotive, Textiles, Steel, Packaging, Utilities, Engineering, Chemicals, Plastics, Automotive Manufacturing, Aerospace, Energy, Manufacturing, Logistics, Supply Chain Management, VoIP, Public Transport, Contracts, Satellite, Small Business, Trucking, Rail, General Health, Maritime, Defense, Air, Transport, Telecommunications, General Automotive, Health, Commercial Building & Real Estate, Construction & Property, Technology, Building Systems, Professional Services, Government, ISL, LPC, Partnership, MRO, Industrial Distribution, Coast guard, Missile Defense Agency, Defense Logistics Agency, Navy, Army, 3D printing

Laser Photonics Corporation (NASDAQ: LASE) ( LPC ), a leading global developer of industrial laser systems for laser cleaning and other material processing applications announced today that it has entered into a distribution agreement with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting, and third-party logistics (3PL) company specializing in supporting federal government customers and defense contractors as well as serving the maritime & space communities.

Key Points: 
  • Laser Photonics Corporation (NASDAQ: LASE) ( LPC ), a leading global developer of industrial laser systems for laser cleaning and other material processing applications announced today that it has entered into a distribution agreement with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting, and third-party logistics (3PL) company specializing in supporting federal government customers and defense contractors as well as serving the maritime & space communities.
  • “This partnership will increase our customer base and expand our distributor network while equipping an industry-leading supplier with the cutting-edge industrial laser solutions that Government and Defense clients have been demanding,” said Wayne Tupuola, CEO of Laser Photonics.
  • Laser Photonics joined with ISL in mid-February 2024.
  • As part of this vendor agreement, the initial products that will be offered through ISL will include:

Lifezone Metals Signs Binding Subscription Agreement for US$50 Million of Unsecured Convertible Debentures with Consortium of Marquee Mining Investors

Retrieved on: 
Thursday, March 21, 2024
Other Energy, Mining, Minerals, Manufacturing, Natural Resources, Energy, Other Manufacturing, Steel, VWAP, Metal, LZM, Life zone, Interest, Kabanga Nickel Project, Security (finance)

Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter, is pleased to announce the signing of a binding subscription agreement for the issuance of US$50 million of convertible debentures with a consortium of marquee mining investors, led by Harry Lundin (Bromma Asset Management Inc.) and Rick Rule.

Key Points: 
  • Lifezone Metals Limited’s (NYSE: LZM) Chief Executive Officer, Chris Showalter, is pleased to announce the signing of a binding subscription agreement for the issuance of US$50 million of convertible debentures with a consortium of marquee mining investors, led by Harry Lundin (Bromma Asset Management Inc.) and Rick Rule.
  • US$50 million of unsecured convertible debentures.
  • The debentures are convertible into common shares of Lifezone at the option of the holder.
  • If you would like to sign up for Lifezone Metals news alerts, please register here .

UNITED STATES STEEL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of United States Steel Corporation - X

Retrieved on: 
Thursday, March 21, 2024
Legal, Professional Services, KSF, Nippon Steel, U.S. Steel, Sale, Steel

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of United States Steel Corporation (“US Steel”) (NYSE: X) to Nippon Steel Corporation.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of United States Steel Corporation (“US Steel”) (NYSE: X) to Nippon Steel Corporation.
  • Under the terms of the proposed transaction, shareholders of US Steel will receive $55.00 in cash for each share of US Steel that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Alcoa Corporation Announces Closing of Inaugural Green Bond Offering

Retrieved on: 
Thursday, March 21, 2024
Environmental, Social and Governance (ESG), Automotive Manufacturing, Construction & Property, Aerospace, Manufacturing, Sustainability, Socially Responsible Investing, Finance, Professional Services, Environmental Policy, Environment, Other Manufacturing, Machine Tools, Metalworking & Metallurgy, Steel, Other Construction & Property, Corporation, Carbon, Investment, Trade, Loan Market Association, AA

Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $750 million aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).

Key Points: 
  • Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $750 million aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).
  • The notes represent Alcoa’s inaugural Green Finance Instrument in alignment with its Green Finance Framework (the “Framework”).
  • "We are pleased to advance our sustainability efforts by successfully issuing and closing this inaugural green bond offering,” said Executive Vice President and Chief Financial Officer Molly Beerman.
  • It provides a structured approach for Alcoa to assess, select, and report on its green finance initiatives, supporting Alcoa in its sustainability efforts by aligning it with its financing strategy.

Worthington Steel Declares Quarterly Dividend

Retrieved on: 
Thursday, March 21, 2024
Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Steel

The board of directors of Worthington Steel, Inc. (NYSE: WS) has declared a quarterly dividend of $0.16 per common share.

Key Points: 
  • The board of directors of Worthington Steel, Inc. (NYSE: WS) has declared a quarterly dividend of $0.16 per common share.
  • The dividend is payable on June 28, 2024, to shareholders of record June 14, 2024.
  • Worthington Steel will host a conference call to discuss its fiscal third quarter results at 8:30 a.m.
  • A live webcast of the call will be available on the Investor Relations section of the Company’s website at www.WorthingtonSteel.com and will be archived for one year.

AGCO Invests EUR 70 million in AGCO Power Facility in Linnavuori, Finland to Increase Sustainable Product Offerings and Support Future Growth

Retrieved on: 
Thursday, March 21, 2024
Engineering, Chemicals, Plastics, Automotive Manufacturing, Manufacturing, Oil, Gas, Energy, Machinery, Other Science, Environment, Sustainability, Agriculture, Natural Resources, Science, Steel, Automation, Farmer, Republic, Growth, CVT, Research, Life, AGCO Power, Continuity, Investment, Workforce, Multimedia, Valtra

The AGCO Power Linnavuori plant employs about 1,000 employees; these investments lay the foundation for future growth.

Key Points: 
  • The AGCO Power Linnavuori plant employs about 1,000 employees; these investments lay the foundation for future growth.
  • AGCO’s investments in the AGCO Power Linnavuori plant operations have totalled more than EUR 100 million over the past five years.
  • AGCO Power products are built to last, and even after years of heavy use, their value and life can still be extended through remanufacturing.
  • The new production hall will also house a new machining line with a high degree of automation for manufacturing the cylinder heads of AGCO Power CORE engines.

Barnes Announces First Quarter 2024 Earnings Conference Call and Webcast

Retrieved on: 
Wednesday, March 20, 2024
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Barnes Group, Conference

Barnes Group Inc. (NYSE: B) today announced it will release first quarter 2024 financial results on Friday, April 26, 2024, before the market opens.

Key Points: 
  • Barnes Group Inc. (NYSE: B) today announced it will release first quarter 2024 financial results on Friday, April 26, 2024, before the market opens.
  • Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company’s outlook.
  • The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com .
  • The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078.