BNET Industries
Last Fiscal Year Sales:$165.0M
- Private
- US
Dow Jones Description
Standard Steel is a leading manufacturer of forged steel wheels and axles for freight railcars, locomotives and passenger railcars. It is the only producer of forged steel wheels for railcars and locomotives in North America. Customers include major Class I railroads in North America, freight railcar builders, railcar and locomotive maintenance shops, the Amtrak national railroad, locomotive builders and regional transit authorities. Standard Steel, LLC was purchased by its current ownership group in 2006, but the existing facility has been producing forgings since 1795.
Chief Executive Officer
Michael J. FarrellNumber of Employees 800
Contact Information
500 N Walnut St
Burnham, Pennsylvania 17009-1644
(717) 248-4911
Peer Companies
NAICS Code Iron and Steel Mills: 331111
News & Analysis
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Standard Steel, LLC
Standard Steel, LLC, appointed Thomas Reinecke EVP.
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael J. Farrell | Chief Executive Officer |
| Alan Majewski | Vice President & Chief Financial Officer |
| John M. Hilton | Chief Operating Officer |
| Thomas J Reinecke | Executive Vice President |
| Dan Patterson | Senior Vice President, Finance & Admin |
| Dana L Patterson | Senior Vice President Finance & Administration |
| John Cummings | Senior Vice President Manufacturing |
| William Fitzgerald | Director, Sales |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael G Maselli | Board of Directors |
| Robert J Fioretti | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Chief Executive Officer | Current |
| The Farrell Co. | President | Current |
| Federated Investors, Inc. | President, Farrell & Co. Director | Current |
| Lantern Communications, Inc. | Current | |
| Standard Steel LLC | Chairman | Current |
| C-COR.net Corp. | Board of Directors | Current |
| Federated Investors, Inc. | Board of Directors | Current |
| Freedom Forge | CEO | Former |
| Standard Steel LLC | President | Former |
| GE Transportation Systems | Former | |
| Westinghouse Air Brake Technologies Corporation | Former | |
| The Pennsylvania State University | Former |
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Vice President & Chief Financial Officer | Current |
| Freedom Forge | Controller | Former |
Mr. Hilton has served as Senior Vice President Sales & Operations since July 2001. Prior to that, he was employed as Vice President Sales since September 1993. He joined the Company in 1979 as an operations foreman and held various sales and marketing positions prior to 1993. He was employed by Bally Engineered Structures in their marketing and commercial departments from 1984 through 1987. Mr. Hilton is a graduate of Susquehanna University .
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Chief Operating Officer | Current |
| Susquehanna University | Former |
| Organization | Position | Status |
|---|---|---|
| The Farrell Co. | Executive Vice President | Current |
| Standard Steel LLC | Executive Vice President | Current |
| U.S. Army | Officer | Former |
| GE Transportation Systems | Former | |
| Westinghouse Air Brake Technologies Corporation | Former | |
| University of Illinois | Former |
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Senior Vice President, Finance & Admin | Current |
Mr. Patterson has served as Senior Vice President Finance & Administration since July 2001. Prior to that he was employed in various accounting and finance positions with the Company since 1978. From 1973 through 1978, Mr. Patterson was employed in various accounting positions at Fisher Corporation and Allied Equipment and Leasing Company. Mr. Patterson is a graduate of The Pennsylvania State University.
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Senior Vice President Finance & Administration | Current |
| The Pennsylvania State University | Former |
Mr. Cummings has served as Senior Vice President Manufacturing since November 2003. Prior to that, he was employed as Plant Manager of the Latrobe, PA plant since 1996. Mr. Cummings began his career with Edgewater Steel in 1981, and served as Vice President of Operations from 1995 to 1996. He is a graduate of The Pennsylvania State University.
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Senior Vice President Manufacturing | Current |
| Federated Investors, Inc. | member | Former |
| The Pennsylvania State University | Former |
| Organization | Position | Status |
|---|---|---|
| Standard Steel LLC | Director, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Trimaran Capital Partners, LLC | Managing Director | Current |
| Norcraft Holdings, LP | Manager | Current |
| Norcraft Holdings, LP | Board of Directors | Current |
| Standard Steel LLC | Board of Directors | Current |
| Trimaran Capital Partners, LLC | Board of Directors | Current |
| Kidder, Peabody & Co. | Vice President | Former |
| The Bear Stearns Companies Inc. | Managing Director | Former |
| CIBC World Markets Inc. | Managing Director in the Leveraged Finance Group | Former |
| Kidder, Peabody & Co. | Managing Director | Former |
| Tulane University | M.B.A | Former |
| University of Colorado | B.A. In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Trimaran Capital Partners, LLC | Executive Director | Current |
| Standard Steel LLC | Board of Directors | Current |
| Trimaran Capital Partners, LLC | Managing Director | Former |
| Canadian Imperial Bank of Commerce | Former | |
| Reddy Ice Holdings, Inc. | Former | |
| Wharton Graduate School of the University of Pennsylvania | M.B.A. | Former |
| Wharton Graduate School of the University of Pennsylvania | B.S. | Former |
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