The Urgent Need for Change and The Superior Path Forward
THE INCUMBENTS' CHERRY-PICKED COMPARABLE
COMPANY UNVIERSE
Company
ATI
Allegheny Technologies
(NYSE: ATI)
Ampco-Pittsburgh
Moving forward.
Ampco-Pittsburgh
(NYSE: AP)
PRIVET
FUND
GRAHAM
ENGINEERING ANSWERS
Graham Corp.
(NYSE: GHM)
HAYNES
International
Haynes International
(NASDAQ: HAYN)
HOUSTON WIRE & CABLE COMPANY
Houston Wire & Cable
(NASDAQ: HWCC)
LBFoster.
LB Foster
(NASDAQ: FSTR)
UPG
STRONGER TOGETHER
Description
Allegheny Technologies, Inc. produces specialty
materials. The company products include titanium,
stainless, specialty steel, titanium, nickel-based
alloys, and superalloys, zirconium, hafnium and
niobium, and other specialty metals
Ampco-Pittsburgh Corporation manufactures
engineered equipment. The company produces
finned tube heat exchange coils, large standard and
custom air handling systems, centrifugal pumps,
feed screws, and heat transfer rolls
Graham Corporation designs and builds vacuum
and heat transfer equipment for process industries
around the world. Graham's products include
ejectors, liquid ring vacuum pumps, condensers,
and heat exchangers
Haynes International, Inc. develops, manufactures,
and markets high performance alloys, primarily for
use in the aerospace and chemical processing
industries. The company offers sheets, plates, wires,
pipes and tubing, bars and others
Houston Wire & Cable Company wholesales wire
and cable to the electricity distribution market. The
company buys its products from wire and cable
manufacturers
L.B. Foster Company manufactures, fabricates, and
distributes rail and trackwork piling, highway
products, and tubular products. L.B. Foster also sells
and rents steel piling and H-bearing pile for
foundation and earth retention requirements
X
Over $4 billion in yearly revenue
X Focus on aerospace, defense, electronics and medical end markets
X International manufacturing footprint
X Products are used in the construction, power generation,
refrigeration, chemical processing, marine defense and steel
industries
Xx Size: Less than $50 million in Market Capitalization
X
X Products are not even remotely related to pipe and tube or
chemicals
X
X
Nominee Biographies
and Appendix
X
Rationale for Exclusion
X
X
Equipment helps produce synthetic fibers, petroleum products,
electric power, processed food, pharmaceutical products and paper
Majority of business is derived from products used in jet engines
for the aerospace market, gas turbine engines for power
generation and waste incineration and heating equipment
Service and sales centers in the United States, Europe and Asia
Distributor of electrical and mechanical wire and cable - no steel,
chemicals or pipe/tube products at all
HWCC sells its products to rigging wholesalers, electrical wholesale
distributors, international markets and fastener distributors
X Approximately 80% of FSTR's revenue comes from its rail products
and services and construction products segments
Focused on strategic evolution toward rail technologies
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