BNET Industries
Last Fiscal Year Sales:$75.0M
- Private
- US
Dow Jones Description
Precision Specialty Metals, a Worthington Industries company, is the nation's leading conversion mill with the industry's most sought-after turnaround time of 2 weeks. We specialize in stainless steel, offering precision light-gauge strip and sheet products. We provide just-in-time delivery and on-site technical support for industries across the U.S., including aerospace, automotive, construction, food service, and petrochemical. We are proud to provide our customers with the shortest lead times in the industry, flexible order quantities, and reliable quality and delivery. That means our customers increase their inventory turns, which favorably affects their earnings and reduces the risk of carrying inventory in a high-turn market.
Number of Employees 96
Peer Companies
NAICS Code Iron and Steel Mills: 331111
News & Analysis
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precision specialty metals inc. - All News and Analysis
Worthington Industries Acquires Precision Specialty Metals
COLUMBUS, Ohio -- Worthington Industries, Inc. (NYSE:WOR) announced today that it has acquired Precision Specialty Metals, Inc. PSM, a processor of stainless steel located in Los Angeles, California, for $33.7 million in cash. The purchase price is subject to change pursuant to a working capital adjustment and an earnout that...
Precision Specialty Metals has implemented a 7% price hike on stainless steel and nickel-alloy strip products.
Precision Specialty Metals has implemented a 7% price hike on stainless steel and nickel-alloy strip products, effectively endorsing a move by integrated mills on Series 300 and 400 sheet and strip. The Los Angeles-based processor distributes throughout the U.S. and is considered a major stainless strip...
Precision Specialty Metals Inc. Appoints Chief Financial Officer
LOS ANGELES--BUSINESS WIRE--July 15, 1999-- Len York has been appointed chief financial officer for Precision Specialty Metals Inc., a Los Angeles stainless steel and high-performance alloy conversion mill. York's appointment was announced by Lawrence Hall, president. York, a financial veteran, was formerly a principal in Osnos &...
Cameron Mogadam Appointed to Director of Quality Systems for Precision Specialty Metals Inc
LOS ANGELES--BUSINESS WIRE--Aug. 12, 1998--Cameron Mogadam has been appointed to the newly created position of director of Quality Systems for Precision Specialty Metals Inc., a Los Angeles stainless steel and high performance alloy conversion mill.In his new position, Mogadam will be responsible for all quality assurance systems including the initiation...
Precision Specialty Metals announces resumption of work on Z-Mill
LOS ANGELES--BUSINESS WIRE--June 25, 1997--Waterbury Farrel Technologies of Cheshire, Conn., and Precision Specialty Metals Inc. of Los Angeles, announced Wednesday that work has resumed on the 52-inch Z-Mill being constructed by Waterbury Farrel for PSM. Work on the mill had ceased in February 1997 due to a...
Precision Specialty Metals Inc. announces management change
CHICAGO--BUSINESS WIRE--Feb. 5, 1997--Lou Iafolla has been promoted sales representative for the midwest regional office of Precision Specialty Metals Inc., a Los Angeles stainless steel and high performance alloys conversion mill. Iafolla holds a B.S. degree in finance. His appointment was announced by Lee Grady, midwest...
Precision Specialty Metals names regional manager
LOS ANGELES--BUSINESS WIRE--July 16, 1996--Dave Orlowski has been named Western regional manager for Precision Specialty Metals Inc., a Los Angeles stainless steel conversion mill.Orlowski's appointment was announced by Lawrence Hall, president.Orlowski, a 30-year metals veteran, was formerly West Coast district sales manager for Allegheny Ludlum. In his early metal...
Precision Specialty Metals Inc. makes announcement
LOS ANGELES--BUSINESS WIRE--May 8, 1996--Scott Nason has been named to the newly created position of director of information systems for Precision Specialty Metals Inc., a Los Angeles stainless steel and high performance alloy conversion mill.Nason's appointment was announced by Lawrence Hall, president.Nason, a 20-year information system veteran, comes to Precision...
Robert Heaton named to board of directors for Precision Specialty Metals Inc
LOS ANGELES--BUSINESS WIRE--July 27, 1995--Robert E. Heaton, a 38-year metals veteran, has been named to the board of directors for Precision Specialty Metals Inc., a Los Angeles Stainless Steel and High Performance Alloy conversion mill.Heaton's appointment was announced by Lawrence Hall, president.Heaton recently retired as vice chairman, Stainless Group, Lukens...
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