MISA Creates MISA Metal Processing, Combining Three Subsidiaries

NEW YORK, April 3, 2013 /CNW/ - Marubeni-Itochu Steel America Inc. (MISA) announced today that it has combined three of its subsidiary metal processing companies into one consolidated company, which it wholly owns.  MISA Metal Processing, Inc. (MMP) has been formed from the previous MISA Metal Blanking, Inc.; MISA Metal Processing of Kentucky, Inc.; and MISA Metal Processing of Tennessee, Inc.  The newly formed company is headquartered at its Portland Tennessee slitting operation. Additional slitting capability is at its Louisville Kentucky plant, with blanking capability at its Birmingham Alabama plant.

MISA Metal Processing, which operates four slitting lines and two blanking lines, has approximately 150 employees at its three locations.

This transaction is the latest of MISA's moves in the past several years to organize and streamline its subsidiary operations.  This consolidation positions MMP to support the future growth of automobile production and other industries requiring high quality metal processing in the southern US.

About MMP

1. Company Name: MISA Metal Processing, Inc.
2. Established: April 1, 2013 (original companies date to 1986)
3. Location： Portland, TN; Louisville, KY; Birmingham, AL
4. President：Dan Combs
5. Major equipment：	Blanking lines - 2
	Slitter lines - 4

Dan Combs, MMP President (formerly MISA Metal Blanking President) comes to this position with more than 25 years of automotive slitting and blanking experience.  He said, "I'm excited about the direction for our new company.  With the expertise that we bring to this company, the synergy of the consolidation and the enthusiasm of this team, we expect a future of tremendous growth for our MISA Family."

About Marubeni-Itochu Steel America Inc. (MISA)
MISA is a fully integrated network of metal processing and manufacturing facilities and sales and service offices strategically located in the United States, Canada and Mexico.  Founded in 2001, the company is a recognized industry leader in all aspects of supply chain management and processed metals for the automotive, construction and other major industries.

MISA is a wholly owned subsidiary of Marubeni-Itochu Steel Inc. and is the subsidiary responsible for international trade, processing and manufacturing operations in the Americas. Marubeni-Itochu Steel Inc. is a global leader in metal trading, processing and manufacturing.  Marubeni-Itochu Steel Inc. employs approximately 7,800 people and operates 45 offices in 23 countries worldwide.

 

SOURCE: Marubeni-Itochu Steel America Inc.

Please direct any inquiries to Hugh Thatcher, Vice President, Human Resources & General Affairs, MISA, 212 660-6005, [email protected]