Advised on sale of carbon and alloy seamless steel tube plant in Winamac, Indiana
Subscribe to Transaction NewsAdvised on sale of carbon and alloy seamless steel tube plant in Winamac, Indiana
Subscribe to Transaction NewsStout served as the exclusive financial advisor to Plymouth Tube Company in connection with the sale of its Winamac, Indiana, facility to Shadowbriar Capital Partners.
Founded in 1924, Plymouth is a global leader in specialty precision steel tubing, including stainless, nickel alloy, and carbon alloy tubing, with a particular emphasis on aerospace, defense, medical, nuclear, and fluid power markets. Headquartered in Warrenville, Illinois, and celebrating five continuous generations of family ownership, Plymouth is committed to delivering innovative, high-quality tubing solutions through its extensive manufacturing capabilities and customer-centered approach. The sale of the Winamac facility aligns with Plymouth’s strategy to enhance its product leadership in high-performance specialty markets, following the closure of its West Monroe, Louisiana, site earlier this year.
The Winamac facility, which includes a cold draw, hot mill, and quench and temper line, manufactures carbon and alloy seamless steel tubing for a range of demanding applications, including construction, drilling, utilities, military, oil and gas, and other industrial sectors. Under its new name, Crossroads Seamless USA, the facility will continue to support a diverse customer base across North America.