383:. The company expanded into the primary and secondary metallurgical products market, offering a diversified product range that included steel pipe and tube; bimetallic wire, strand and strip; steel bars and plates; solder and skiving, and employed thousands at multiple facilities in the United States, Canada, Japan and Britain. The bimetallic process moved beyond simple copper and steel, and eventually also combined metals and
523:
However, Imétal's gamble paid off. Copperweld
Corporation returned to profitability just one year after the spin-off of CSC Industries, which, by contrast, was doomed. The newly formed company never turned a profit in its entire history, and went bankrupt in 1993. The assets of CSC Industries were
531:
The late 1980s saw a much healthier
Copperweld Corporation divest of its operations in Brazil and sell its tubing operation in Baltimore. Expansion was again on the horizon, with the 1988 announcement of a $ 90 million upgrade to its plant in Shelby, Ohio, and the construction of another tube plant
682:
In
October 2019, Kinderhook Industries LLC announced its acquisition of Copperweld, citing the company's proprietary manufacturing and differentiated products that provide an array of compelling growth avenues to pursue, particularly in the automotive. Kinderhook is a private investment firm that
734:. The metallic combinations are engineered to provide the benefits of two disparate materials. CCS, or copper-clad steel wire, provides the strength of steel with the conductivity of copper. In 1963, the original molten-weld process for Copperweld® CCS wire was abandoned in favor of a
502:
of the late 1970s and early 1980s hit
Copperweld hard. The venerable Glassport facility would close entirely in 1983. In 1986, the Oswego fine wire division was shut down. Both operations were relocated to Copperweld Southern in Fayetteville, largely due to cheaper labor costs in the
658:
for a mainland
Chinese company. By acquiring Copperweld, it not only opened up a worldwide distribution channel, it also gained product diversification by the presence of CCS wire in its new subsidiary's lineup. Three months later, Fushi International was listed on the
598:
At that time, the company was the largest producer of structural steel tubing in North
America with 23 plants and employing 3,500 people. But LTV was drowning in debt, and at the end of 2000, LTV, along with 48 subsidiaries, including Copperweld,
515:
In a bold move to shed the company of its crippled steel manufacturing operations and concentrate on fabricated steel products, Imétal spun off
Copperweld's Warren, Ohio operation into a separate publicly traded company in 1986. That company,
562:
steel tube companies, Standard Tube Canada and Sonco Steel Tube in 1997. That same year, the Shelby plant was the subject of another important expansion. In 1998, the company announced the building of a stainless steel tube plant in
614:
Under the order of conservators, LTV's various subsidiaries were sold off. But because the LTV Copperweld division maintained profitable operations throughout LTV's bankruptcy proceeding, it was able to secure separate
638:) acquired most of the LTV Copperweld assets, including 50% of the bimetallic wire division, which would in turn be sold to a North Carolina businessman David S. Jones for $ 14.2 million in 2006 and operated as
642:
It was the only division of the previous conglomerate to continue to operate under the
Copperweld name, and kept the established brand as a registered trademark for its copper-clad steel conductors.
451:
in a joint venture with Erico
International Corp. Copperweld would buy the entire operation from its partner just three years later. Also in 1978 the firm announced the layoff of its
474:
on the grounds of (or near) its operations in Ohio and
Pennsylvania, to ensure a steady supply for its factories. That same year, the company acquired American Seamless Tubing of
537:
741:
In late 2013, Copperweld Bimetallics LLC, the company's American subsidiary, purchased most of the assets of its biggest American competitor, the Bimetals division of
738:-rolling process, which is still used today. In the case of CCA, or copper-clad aluminum, the key benefit over solid copper is lighter weight and flexibility.
467:
939:
909:
796:
306:
After the war, the resurgence of the American economy helped Copperweld thrive. The company's management offices relocated from Glassport to downtown
279:, and its patronage is largely responsible for keeping the company solvent in that time of severe economic downturn. The company was listed on the
914:
345:-covered steel wire that it branded as Alumoweld® in 1959. The new product was successful, and the company engaged in its first international
674:
A group of investors headed by Chairman Fu Li delisted from the Nasdaq on December 27, 2012, returning the company to private ownership gain.
218:
process. Their product, a CCS wire patented under the brand name Copperweld, was soon adopted as an alternative to solid copper wire in many
830:
578:
in 1995. There was a major expansion of the Fayetteville facility in 1997, and it purchased Sayton Fine Wires of Telford, England in 1998.
849:
487:
924:
934:
543:
In 1989, Copperweld and Fujikura announce a second joint venture together, the United States Alumoweld Company, to be located in
444:
of an American company by a foreign entity. Imétal vowed not to interfere with the theretofore successful company's direction.
919:
520:, would continue to operate as the Copperweld Steel Company, causing confusion. For some time, two "Copperwelds" existed.
410:
In 1974, the company's third foray into bimetallics was realized when the company opened a CCA wire manufacturing plant in
654:
founded by Li Fu in 2001. The acquisition is significant because it represents the first major investment in the state of
929:
867:
462:
A new division and revenue stream were created in 1980 with the advent of Copperweld Energy, which bought stakes in
414:. That division, Copperweld Southern, would go on to become the focus of the company's bimetallic wire operation.
781:
616:
889:
570:
The bimetallic wire division also prospered, with a drastic increase in demand of bimetallic wires for the
194:
A group of engineers (S. E. Bramer, Jacob Roth, F. R. S. Kaplan, Simon Loeb and William Smith, Sr.) in the
551:
itself of the Alumoweld® business altogether, selling its shares and the rights to the brand to Fujikura.
746:
338:
318:
became another of the company's major growth paths. In 1951, the company acquired the Flexo Wire Co. of
138:
834:
594:
acquired Copperweld Corporation from Imétal for $ 650 million, and the subsidiary became known as
693:
575:
564:
554:
Further growth by acquisition continued in the company's tube sector in the 1990s as it acquired
492:
452:
411:
334:
finisher Superior Steel Company, but sold off the division after five years of poor performance.
323:
284:
261:
257:
219:
142:
68:
357:. Copperweld's stake was 45%, with the remainder owned by Japanese wire and cable manufacturer
853:
544:
504:
280:
165:("CCA"). In addition to its American operations, Copperweld maintains a production facility in
470:. The ostensible purpose of Copperweld's involvement in the energy business was to drill for
455:
facility along with 548 full-time jobs, prompting the mayor of Pittsburgh and the head of the
620:
440:
of Copperweld Corporation in 1975. Imétal's acquisition of Copperweld represented the first
766:
608:
437:
199:
162:
146:
42:
32:
275:
The United States government was the company's major client throughout the Depression and
8:
533:
528:
by Ohio-based Hamlin Holdings in 1995, and they discontinued use of the Copperweld name.
475:
571:
482:
591:
459:
to have a 2-hour meeting with company executives in an attempt to save the facility.
433:
227:
158:
93:
17:
731:
700:
448:
441:
350:
319:
265:
154:
540:'s Copperply division, giving it control of a competing brand in bimetallic wire.
587:
425:
331:
269:
234:
574:
boom. In 1995, the company bought Metallon Engineered Materials Corporation of
635:
326:
manufacturing business with the acquisition of Ohio Seamless Tubing Company of
903:
668:
346:
46:
650:
In August 2007, however, the owner sold the company for US$ 22.5 million to
499:
368:
327:
291:
276:
555:
548:
525:
471:
604:
600:
311:
307:
203:
195:
742:
655:
295:
238:
223:
72:
735:
724:
358:
342:
315:
707:
174:
711:
631:
463:
364:
215:
178:
170:
166:
447:
In 1978, the company expanded its bimetallic wire production to
660:
559:
429:
422:
404:
400:
379:
Now truly diversified, the company changed its name in 1973 to
207:
815:
392:
384:
354:
349:
in 1966, with the creation of the Japan Alumoweld Company of
341:, the company developed a second bimetallic product line, an
287:
in 1940. It would continue to trade on the NYSE until 1999.
231:
211:
264:
for the first time in 1929, shortly before the onset of the
727:
485:
ruled in favor of Copperweld in a landmark antitrust case,
456:
396:
222:
applications, particularly those where copper would be too
150:
98:
491:, that a parent company is incapable of conspiracy with a
623:. In late 2003, LTV Copperweld emerged from bankruptcy.
388:
253:
868:"Fushi Copperweld Completes 'Going Private' Transaction"
123:
703:(formerly Sayton Fine Wire, opened 1998, acquired 2007)
214:
in 1915. This bond originally was made under a molten
301:
310:
soon after the war. Although there was considerable
290:
In 1939, Copperweld would open its second factory in
322:. The next year, Copperweld entered into the steel
749:to Copperweld's plant in Fayetteville, Tennessee.
667:, capilizing on the established brand name in the
252:In 1927, the company installed itself in a former
683:manages over $ 3.1 billion of committed capital.
901:
828:
779:
230:of steel. The original use, however, was for
807:
686:
813:
363:In 1972, Copperweld Steel Co. acquired the
940:Manufacturing companies established in 1915
488:Copperweld Corp. v. Independence Tube Corp.
910:Manufacturing companies based in Tennessee
847:
822:
797:"County hopes to save jobs at Copperweld"
782:"The Marts of Trade: Retaking Pittsburgh"
145:, and maintaining a management office in
773:
558:-based Miami Industries in 1993 and two
547:. In 1992, the Copperweld Corporation
795:Snyder, Thomas P. (February 25, 1978),
245:, but in 1924, changed its name to the
915:American companies established in 1915
902:
841:
794:
706:Copperweld Bimetallics Europe SPRL in
601:filed voluntary petitions for relief
330:. In 1957, the company merged with
302:Post-war growth and diversification
13:
745:, relocating their equipment from
699:Copperweld Bimetallics UK Ltd. in
510:
241:. The company was founded as the
60:as "The Copper-Clad Steel Company"
14:
951:
16:For the trademarked product, see
925:1915 establishments in Tennessee
890:"Kinderhook Acquires Copperweld"
237:: the copper cladding prevented
157:made from its Copperweld brand
935:Allegheny County, Pennsylvania
882:
860:
831:"Arcelor Mittal Press Release"
788:
759:
692:Copperweld Bimetallics LLC in
617:debtor-in-possession financing
367:-based Regal Tube division of
1:
850:"David S. Jones buys Company"
829:Arcelor Mittal (2005-10-04).
780:The New Yorker (1977-02-07).
752:
677:
374:
189:
920:Wire and cable manufacturers
696:(opened 1975, acquired 2007)
428:Imétal S.A. (today known as
173:, and a distribution hub in
7:
814:Bankrupt.com (2011-07-07).
747:Statesville, North Carolina
718:
640:Copperweld Bimetallics LLC.
536:. The company also bought
417:
339:Battelle Memorial Institute
272:were eventually withdrawn.
10:
956:
687:Locations and subsidiaries
663:, and changed its name to
626:
202:first created a permanent
184:
50:(August 16, 1915
15:
930:Lincoln County, Tennessee
538:National Standard Company
243:Copper-Clad Steel Company
149:. Its main products are
118:
105:
88:
78:
64:
38:
28:
723:Copperweld manufactures
645:
247:Copperweld Steel Company
848:Wire World (May 2006).
694:Fayetteville, Tennessee
576:Pawtucket, Rhode Island
565:Elizabethtown, Kentucky
493:wholly owned subsidiary
453:Glassport, Pennsylvania
412:Fayetteville, Tennessee
314:in existing divisions,
285:New York Stock Exchange
258:Glassport, Pennsylvania
226:or would not offer the
143:Fayetteville, Tennessee
581:
545:Duncan, South Carolina
381:Copperweld Corporation
294:, manufacturing steel
281:New York Curb Exchange
870:. Reuters. 2012-12-26
816:"LTV Bankruptcy News"
634:(today a division of
621:GE Commercial Finance
96:(CCS) wire and cable
33:Electrical conductors
652:Fushi International,
609:U.S. Bankruptcy Code
468:Guardian Oil Company
438:controlling interest
337:In conjunction with
283:in 1937, and on the
260:. Copperweld Steel
200:Rankin, Pennsylvania
163:copper-clad aluminum
147:Brentwood, Tennessee
101:(CCA) wire and cable
99:copper clad aluminum
43:Rankin, Pennsylvania
534:Birmingham, Alabama
476:Baltimore, Maryland
198:industrial town of
107:Number of employees
25:
892:. October 3, 2019.
572:cellular telephony
483:U.S. Supreme Court
387:such as aluminum,
23:
434:Rothschild family
228:breaking strength
159:copper-clad steel
141:company based in
132:
131:
114:
94:copper clad steel
92:Copperweld brand
18:Copper-clad steel
947:
894:
893:
886:
880:
879:
877:
875:
864:
858:
857:
852:. Archived from
845:
839:
838:
833:. Archived from
826:
820:
819:
811:
805:
804:
803:, Pittsburgh, PA
801:Pittsburgh Press
792:
786:
785:
777:
771:
770:
763:
732:electrical cable
701:Telford, England
665:Fushi Copperweld
449:Campinas, Brazil
442:hostile takeover
432:), owned by the
320:Oswego, New York
266:Great Depression
155:electrical cable
128:
125:
112:
57:
55:
26:
22:
955:
954:
950:
949:
948:
946:
945:
944:
900:
899:
898:
897:
888:
887:
883:
873:
871:
866:
865:
861:
846:
842:
827:
823:
812:
808:
793:
789:
778:
774:
765:
764:
760:
755:
721:
689:
680:
648:
629:
596:LTV Copperweld.
588:Cleveland, Ohio
584:
513:
511:Two Copperwelds
426:holding company
420:
377:
332:stainless steel
304:
192:
187:
122:
108:
97:
81:
59:
53:
51:
49:
21:
12:
11:
5:
953:
943:
942:
937:
932:
927:
922:
917:
912:
896:
895:
881:
859:
856:on 2011-10-06.
840:
837:on 2011-09-27.
821:
806:
787:
772:
757:
756:
754:
751:
720:
717:
716:
715:
704:
697:
688:
685:
679:
676:
647:
644:
636:Arcelor Mittal
628:
625:
583:
580:
524:acquired in a
518:CSC Industries
512:
509:
419:
416:
376:
373:
303:
300:
191:
188:
186:
183:
130:
129:
120:
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109:
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61:
40:
36:
35:
30:
9:
6:
4:
3:
2:
952:
941:
938:
936:
933:
931:
928:
926:
923:
921:
918:
916:
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911:
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907:
905:
891:
885:
869:
863:
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851:
844:
836:
832:
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817:
810:
802:
798:
791:
783:
776:
768:
762:
758:
750:
748:
744:
739:
737:
733:
729:
726:
714:(formed 2011)
713:
709:
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684:
675:
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579:
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561:
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546:
541:
539:
535:
529:
527:
521:
519:
508:
506:
501:
496:
494:
490:
489:
484:
481:In 1984, the
479:
477:
473:
469:
465:
460:
458:
454:
450:
445:
443:
439:
435:
431:
427:
424:
415:
413:
408:
406:
402:
398:
394:
390:
386:
382:
372:
370:
366:
361:
360:
359:Fujikura Ltd.
356:
352:
348:
347:joint venture
344:
340:
335:
333:
329:
325:
321:
317:
313:
309:
299:
297:
293:
288:
286:
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263:
259:
255:
250:
248:
244:
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236:
233:
229:
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221:
217:
213:
209:
206:bond between
205:
204:metallurgical
201:
197:
182:
180:
176:
172:
168:
164:
160:
156:
153:and stranded
152:
148:
144:
140:
136:
127:
121:
117:
110:
104:
100:
95:
91:
87:
83:
77:
74:
70:
67:
63:
48:
47:United States
44:
41:
37:
34:
31:
27:
19:
884:
872:. Retrieved
862:
854:the original
843:
835:the original
824:
809:
800:
790:
775:
767:"Copperweld"
761:
740:
722:
681:
673:
664:
651:
649:
639:
630:
613:
595:
585:
569:
553:
542:
530:
522:
517:
514:
500:steel crisis
497:
486:
480:
461:
446:
421:
409:
380:
378:
369:Lear-Siegler
362:
336:
328:Shelby, Ohio
305:
292:Warren, Ohio
289:
277:World War II
274:
251:
246:
242:
193:
134:
133:
69:Fayetteville
65:Headquarters
556:Piqua, Ohio
526:bidding war
498:The severe
472:natural gas
436:, acquired
316:acquisition
262:went public
256:factory in
161:("CCS") or
80:Area served
904:Categories
753:References
725:bimetallic
678:Kinderhook
605:Chapter 11
375:A new name
312:investment
308:Pittsburgh
268:, but its
196:Pittsburgh
190:Beginnings
135:Copperweld
124:copperweld
54:1915-08-16
24:Copperweld
743:CommScope
656:Tennessee
592:LTV Steel
586:In 1999,
239:corrosion
220:conductor
84:Worldwide
73:Tennessee
736:pressure
719:Products
619:through
560:Canadian
549:divested
418:Takeover
343:aluminum
139:American
89:Products
29:Industry
874:2 April
712:Belgium
632:Dofasco
627:Dofasco
607:of the
590:-based
466:-based
464:Houston
365:Chicago
296:billets
235:springs
224:ductile
185:History
179:Belgium
171:England
167:Telford
119:Website
52: (
39:Founded
661:Nasdaq
603:under
430:Imerys
423:French
405:silver
401:nickel
385:alloys
351:Numazu
270:shares
208:copper
137:is an
113:(2020)
708:Liège
646:Fushi
505:South
393:brass
355:Japan
232:watch
212:steel
175:Liège
876:2013
730:and
728:wire
669:west
457:RIDC
403:and
397:gold
324:tube
216:weld
210:and
151:wire
126:.com
111:120
582:LTV
532:in
389:tin
254:axe
906::
799:,
710:,
671:.
611:.
567:.
507:.
495:.
478:.
407:.
399:,
395:,
391:,
371:.
353:,
298:.
249:.
181:.
177:,
169:,
71:,
45:,
878:.
818:.
784:.
769:.
58:)
56:)
20:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.