CC Metals and Alloys Acquired By Optima Group

March 16, 2011
Ferrosilicon supplier to join conglomerate of metals-based companies
CC Metals and Alloys LLC, a major producer and supplier of specialty ferroalloys to the global iron foundry industry, has been acquired by Optima Group LLC. Based in Amherst, NY, CC Metals and Alloys production facilities are located in Calvert City, KY. Founded in the 1940s as Pittsburgh Metallurgical, CC Metals and Alloys began as a large-volume commodity ferroalloy producer for the steel industry. In the 1980s, the company converted its product line to higher value added specialty ferrosilicons and magnesium ferrosilicon products when imports began to undercut domestic prices. Now as CC Metals and Alloys, the company ships over 100,000 metric tons of finished product per year from its ISO 9001-certified facility to manufacturers of home furnishings, automotive parts, bridges, machinery, buildings, concrete, welding rods, tractor and lawn equipment. The product line features 40 different products, including 18 ferrosilicons and 20 magnesium silicons, as well as silica fume, inoculants, welding products, and powdered alloys. According to the announcement, certain owners of Optima Group are also partial owners of several other metals-based companies, including Felman Production, Inc. (producer of ferrosiliconmanganese), Michigan Seamless Tube LLC (seamless tube and pipe company), Warren Steel Holdings LLC (continuously cast rounds of carbon and alloy steel), Steel Rolling Holdings Inc. (cold rolling), and Felman Trading Inc., a ferroalloys trading company that will now be the primary distributor of the ferrosilicon produced by CC Metals and Alloys. Felman Trading has provided ferroalloy supplies to foundries in North, Central, and South America. "CC Metals and 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 our ownership and fits well with Optima's overall strategy," said Optima CEO Motti Korf, who takes over similar duties of the newly-acquired company. Korf also announced that current management of the Calvert City facility will remain intact to "ensure a smooth transition and continued success in meeting the high standards expected by its customer base." He added that previous CC Metals and Alloys CEO Ed Bredniak will remain with the company now as the chief operating officer.