NEW YORK — Vulcan Threaded Products has bought the “commodity threaded rod business” of All America Threaded Products, according to a customer notice.
The sale was effective Aug. 1, All America Threaded Products president Casey Broderick said in the letter. Terms of the transaction were not disclosed. All America is based in Denver.
All America’s “large volume” threaded rod business is based in Indianapolis. Vulcan’s parent company, Steel Dynamics Inc. (SDI), is headquartered in Indiana.
Threaded rod uses steel wire rod or occasionally, steel bar, as feedstock. Threaded rod is often used for fastener applications and is sold into diverse industries, including plumbing, automotive, construction and HVAC, according to All America’s website.
Manufacturing capacity and product capabilities for All America’s 120,000-square-foot Indianapolis plant and other assets were unknown. Representatives of Fort Wayne, Ind.-based SDI didn’t return a request for comment.
“Due to the terms of our agreement with SDI/Vulcan, we are not permitted to make any public comments on the sale,” Tim Broderick, president and chief operating officer of All America’s parent company, Denver-based Acme Manufacturing Co. Inc., told AMM via email Aug. 4.
Vulcan “is a well-established company with an excellent reputation, and we are confident they will do an outstanding job fulfilling your commodity threaded rod needs going forward,” Casey Broderick said in the letter.
All America will continue to operate its divisions in Lancaster, Pa., and Denver, and will focus on selling specialty threaded rod, Casey Broderick said.
All America buys domestic and import steel, according to its website.
Pelham, Ala.-based Vulcan and All America have crossed paths before, as they filed a trade case together against threaded rod imports.
SDI bought Vulcan Threaded in August 2016 for $114 million. Vulcan Threaded manufactures rod and bar, including cold-finished bar, and buys both wire rod and special bar quality (SBQ) steel. It is the biggest US manufacturer and supplier of threaded products, according to its website, and operates several warehouses nationwide.
This content was originally written and produced by Dom Yanchunas at American Metal Market.