Dynamic Materials to Unify Its Worldwide Explosive Metalworking Business Under "Nobelclad" Brand; Jeff Nicol Promoted as Nobe...
18 Ottobre 2012 - 12:00PM
Marketwired
Dynamic Materials Corporation (DMC) (NASDAQ: BOOM) today announced
it will combine the worldwide operations of its Explosive
Metalworking business under its venerable Nobelclad brand.
Operations uniting under the Nobelclad name are DMC Clad Metal in
North America, Dynaplat in Germany, Nobelclad in France, as well as
the segment's global sales and marketing organization.
The rebranding program is designed to unify DMC's family of
collaborative cladding facilities under a single, recognized
moniker. Nobelclad originated in the mid 1960s as one of the
world's first commercial explosion welding operations, which was
based in Rivesaltes, France. The name paid homage to the forefather
of commercial explosives, Alfred Nobel, who patented dynamite in
1867 and founded one of Nobelclad's predecessor companies. The
Nobelclad business was acquired by DMC in 2001.
"Nobelclad has been a respected name in the explosion-welding
industry for more than four decades," said Yvon Cariou, DMC's
president and CEO. "As we continue our push into new industrial end
markets and proceed with our expansion in Asia, we will do so under
a singular long-standing brand that is associated with the highest
quality products and solutions available in the explosion welding
sector."
DMC also announced that Jeff Nicol has been promoted to senior
vice president and general manager of the worldwide DMC Nobelclad
business. Nicol, who operates out of the Company's headquarters in
Boulder, was previously vice president and general manager of DMC
Clad Metal in North America, and joined the Company in 2008 as the
segment's vice president of sales and marketing. Previously, he
spent 21 years with Alcoa, where he ascended to chief metallurgist
and global marketing director.
"Since joining the Company four years ago, Jeff has become an
authority on the global cladding industry and the markets that
utilize our products," Cariou said. "Jeff is a talented and
strategic leader, and he and our incoming CEO, Kevin Longe, have
already established a strong working relationship. Kevin and I are
looking forward to Jeff's expanded contributions as we collectively
work to advance Nobelclad's growth initiatives."
About Dynamic Materials Corporation Based
in Boulder, Colorado, Dynamic Materials Corporation serves a global
network of customers in the energy, industrials and infrastructure
markets through two core business segments -- Nobelclad Explosive
Metalworking and Oilfield Products -- as well as a specialized
industrial service provider, AMK Welding. The Explosive
Metalworking segment is the world's largest manufacturer of
explosion-welded clad metal plates, which are used to fabricate
capital equipment utilized within various process industries and
other industrial sectors. Oilfield Products is an international
manufacturer and marketer of advanced explosive components and
systems used to perforate oil and gas wells. AMK Welding utilizes
various specialized technologies to weld components for use in
power-generation turbines, and commercial and military jet engines.
For more information, visit the Company's websites at
http://www.dynamicmaterials.com and
http://www.dynaenergetics.com.
Safe Harbor Language Except for the
historical information contained herein, this news release contains
forward-looking statements, including those regarding our global
growth initiatives and the prospects we are pursuing at each of our
three business segments. These risks and uncertainties include, but
are not limited to, the following: our ability to realize sales
from our backlog; our ability to obtain new contracts at attractive
prices; the size and timing of customer orders and shipments;
fluctuations in customer demand; our ability to successfully
execute upon international growth opportunities; fluctuations in
foreign currencies, changes to customer orders; the cyclicality of
our business; competitive factors; the timely completion of
contracts; the timing and size of expenditures; the timing and
price of metal and other raw material; the adequacy of local labor
supplies at our facilities; current or future limits on
manufacturing capacity at our various operations; the availability
and cost of funds; and general economic conditions, both domestic
and foreign, impacting our business and the business of the
end-market users we serve; as well as the other risks detailed from
time to time in the Company's SEC reports, including the annual
report on Form 10-K for the year ended December 31, 2011.
CONTACT: Pfeiffer High Investor Relations, Inc. Geoff
High 303-393-7044
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