Press Releases

Arlington Capital Partners a Washington, DC-area private equity firm, today announced that it has acquired Pegasus Steel LLC  a leading provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems. Pegasus is headquartered near Charleston, South Carolina with approximately 350,000 square feet of manufacturing space. Tony Deering, Pegasus’ Founder & CEO, will continue to operate the Company alon

Flexsteel Industries, Inc., announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable July 10, 2023, to shareholders of record as of June 28, 2023. Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 326th consecutive quarterly cash dividend. About Flexsteel Flexsteel Industries, Inc., and Subsidiaries (the “Company”) is one of the largest manufacturers, importers, and

Low-carbon titanium developer IperionX has agreed to a Scope of Work with Ford Motor Company to supply titanium metal components for Ford racing cars. IperionX reports it has been collaborating with Ford to design, test, and additively manufacture a series of ‘high-quality’ titanium components for future Ford Performance production vehicles. Ford Performance is the ‘high-performance’ and racing division of Ford, which produces a range of performance cars incl

Ingersoll Rand Inc. entered into a definitive agreement to acquire Howden Roots LLC’s compression business from Chart Industries Inc. in an all-cash deal valued at approximately $300 million, the company said in a June 12 news release. The sale comes nearly three months after Chart Industries completed the acquisition of industrial toolmaker Howden from KPS Capital Partners LP for $4.4 billion cash. Ingersoll said the deal was made at a “low teens” adjust

SMX is pleased to announce that it is in the process of creating a new subsidiary, trueSilver, and has entered into a 120 day exclusive agreement with Sunshine Minting Inc., to create a path to full transparency and traceability for silver products from mine site to final products and recycling and the creation of an industry standard. This announcement follows the successful filing of patents pertaining to gold, aluminum, steel and cobalt in 2023. With silver rarely being

On our journey towards carbon neutral steel, ArcelorMittal North America will supply General Motors with XCarb™ recycled and renewably produced  steel, offering significantly reduced CO2 emissions compared to much of the carbon steel available in North America.1 Material will be supplied from ArcelorMittal Dofasco in Hamilton, Ontario and shipments are expected to begin during 2Q 2023. ArcelorMittal North America's XCarb™ RRP steel is made via the Electric Arc F

AqueoUS Vets® a vertically integrated solutions provider of water treatment and delivery systems, today announced the strategic acquisition of Dixie Tank Company (“Dixie Tank”), a manufacturer of carbon and stainless-steel tanks, pressure vessels, water heaters, filters, and custom fabrications for the water, water treatment, hot water, and industrial markets. The acquisition gives AqueoUS Vets an East Coast base of operations to serve a wider variety of customers across the U

Coatings for pipes are more successful than other corrosion prevention techniques including cathodic protection, sacrificial anodes, and inhibitors. As a result, steel pipe coating is gaining traction. One of the main forces driving the demand for steel pipe coatings is mushrooming oil and gas industry. In the coming years, demand for oil and gas will soar and as a result, the demand for steel pipe coatings is anticipated to experience tremendous demand. Short Term

Nucor Corporation announced today that it has signed an agreement with ExxonMobil to capture, transport, and store carbon from the company's direct reduced iron  plant in Convent, Louisiana.  ExxonMobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned facility in Louisiana. "This transformative CCS project with ExxonMobil is a key part of our decarbonization strategy and will result in some of the l

MANTARO PRECIOUS METALS CORP. pleased to announce the completion of drill pad construction at the Santas Gloria Project ahead of its planned maiden 2500 meter drill program. Highlights: Drill Pad Construction: Following the cessation of the wet season, the Company has constructed 10 drill pads at Santas Gloria. 2500 m Diamond Drill Program: The Company has planned a 15 to 20 hole angled diamond drill program totaling 2500 meters subject