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ABC Metals acquires assets of International Metals Processing

ABC acquired IMP

ABC Metals acquires assets of International Metals Processing

INDIANAPOLIS, IN, November 14, 2017 – MPI Corporation, an investment holding company based in Indianapolis, is pleased to announce that on November 6, 2017 its subsidiary ABC Metals, Inc. acquired the assets of International Metals Processing, LLC, a service center and distributor of bronze, aluminum, stainless steel and steel sheets and coils.

“Our team at MPI Corp worked hard to close on this acquisition in six weeks from our initial indication of interest,” says Clay Barnes, President & CEO of MPI Corporation. “The acquisition will build upon our Metals Group business with new customers and new capabilities.”
International Metals Processing provides toll processing and value-added services to flat-rolled ferrous and non-ferrous metals in a facility of 86,400 square feet in Indianapolis, Indiana. The processes include slitting, cut-to-length sheet and coil, and the application of PVC and paper interleaf. The operation will branded as “ABC-Indianapolis.”

“We are excited to expand our processing capabilities and our service locations,” said Dan Kendall, President of ABC Metals, Inc. “We are working hard to ensure a minimal interruption of services to our new customers, and look forward to future growth within our markets from the increase in our services and mill relationships.” ABC Metals, Inc. is a precision slitter and distributor of primarily non-ferrous alloys with locations in Indiana and Texas.

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ABC Metals hosts 26 students on Manufacturing Day in Pharr

Group Picture of Students

ABC Metals hosts 26 high school students on Manufacturing Day

PHARR, TX. October 6, 2017 – ABC Metals, Inc. hosted 26 high school students on Manufacturing Day 2017. Students from Pharr-San Juan-Alamo (PSJA) Southwest Early College High School in the dual enrollment program with South Texas College were invited to tour the ABC Metals service and distribution center located in Pharr, Texas. The students toured the facility while Luis Gonzalez, Plant Manager, explained the processes and the role ABC Metals held within the manufacturing industry.

“It was a nice tour and a good experience for the students,” said Luis Gonzalez. “They had a lot of questions. We enjoyed hosting them and are looking forward to participating in Manufacturing Day again next year.” ABC Metals in Pharr, Texas, slits and distributes primarily non-ferrous flat rolled materials to support the metal forming industries in the Southern United States and Northeastern Mexico. The plant in Pharr is one of three ABC Metals facilities in the U.S.

“ABC Metals is proud to participate in promoting manufacturing to high school students,” said Dan Kendall, President of ABC Metals, Inc. “It is very rewarding to us to meet young people with an interest in our industry.” ABC Metals employs over 50 people in many different functions, such as customer service, accounting, sales, and purchasing in addition to the machine operator and skilled trades roles traditionally thought of as manufacturing.

About ABC Metals, Inc.
ABC Metals, Inc. specializes in precision slit non-ferrous alloys with minimal twist or camber. ABC Metals is an independent authorized distributor for mills around the world, including Arubis, PMX Industries, KM Europa Metal AG, Nacobre, Hussey Copper, Precision Specialty Metal, Materion, The Miller Company, and others. While specializing in copper, brass, bronze, and high performance electrical alloys, ABC Metals also distributes aluminum, stainless steels, high-carbon steels, cupro nickel, phosphor bronze, and beryllium copper. In addition to precision slitting, the processes at ABC Metals include traverse winding, tension leveling, bright-dip tinning, and outside partners for plating, selective plating and other pre-coating or surface treating. ABC Metals is a full-service center with other available services including copper hedging, scrap return, warehousing, packaging and delivery options. In addition to the Pharr location, locations include Logansport, Indiana, and El Paso, Texas. ABC Metals, Inc. is a wholly-owned subsidiary of MPI Corporation of Indianapolis. Further information can be found at www.abcmetals.com.

Group Picture of Students

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Small Parts hosts 22 high school students on Manufacturing Day in Logansport

Group Picture of Students

Small Parts hosts 22 high school students on Manufacturing Day

LOGANSPORT, IN. October 6, 2017 – Small Parts, Inc. hosted 22 high school students on Manufacturing Day 2017. Juniors and seniors from Logansport, Winamac, Caston, and Pioneer High Schools enrolled in welding and precision machining were invited to spend the day visiting the manufacturing facilities in Logansport. In addition to taking tours in small groups through the stamping, tooling, automation and quality departments, the students spent some time learning about the “soft skills” necessary for the working world from Mike Federspill, the Human Development Manager at MPI Corp.

“Meeting young people with fresh curiosity and ambition is a wonderfully rewarding aspect of my job,” said Mike Federspill. “Having the opportunity to encourage them that they don’t need to worry about not having all of the technical skills, but attitude and character are just as important in their first job. And cautioning them that the culture of the workplace they chose can be just as important as the paycheck.” Small Parts, Inc. operates with a family-owned business culture around their values of excellence and service with integrity.

“We are thrilled to have the opportunity to host these young men and women at our facility for Manufacturing Day,” said Matthew Lesher, President of Small Parts, Inc. “Not only is this a small way to give back to our community, but encouraging young people to consider future careers in manufacturing is critical for our business to survive.” As one of several manufacturing companies in Logansport, Small Parts, Inc. employs over 220 people locally in many different functions, such as customer service, accounting, sales, and engineering in addition to the machine operator and skilled trades roles traditionally thought of as manufacturing.

About Small Parts, Inc.
Small Parts, Inc. is a supplier of precision press and slide-formed metal stampings and assemblies with expertise in electrical and safety critical components. Through design for manufacturing support, thorough process engineering, leading supplier partners, and unique material purchasing contracts, Small Parts delivers high quality products on-time for the lowest risk to their customers. Small Parts operates facilities in Indiana and Mexico. Further information can be found at http://www.smallpartsinc.com.

Group Picture of Students

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MPI Corp CEO Clay Barnes to speak at ACG Event in January

INDIANAPOLIS, IN. January 9, 2017 – The CEO of MPI Corporation, Clay Barnes, was invited to participate as part of a panel discussion at the ACG Capital Markets Showcase on Thursday, January 19, in Carmel.  The panel discussion is on the topic “Growing Your Business Through Acquisition.”  Mr. Barnes will be joined by panel members Ira Boots, Chairman of Milacron, and Jeff Kluckman, EVP of Business Development for General Finance Corporation.  The panel discussion by these business leaders is part of the afternoon agenda for the Capital Markets Showcase arranged by the Indiana Chapter of the Association for Corporate Growth (ACG) and the Indianapolis Chapter of Financial Executives International (FEI).  The guest speaker will be Jon Woloshin, CFA, Co-Head of CIO Fundamental Research Equity Sector Strategist for UBS.  The event showcases the businesses and firms active in the Indiana M&A markets followed by a wine and bourbon tasting networking event.  The Capital Markets Showcase will begin at 3PM on Thursday, January 19, at CNO Financial Group Conference Center, 530 N. College Dr., Carmel, IN.  To register to attend the event, or for more detail, see the Indiana ACG Events page.

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MPI Corp Promotes Clay Jackson to Group President/COO

INDIANAPOLIS, IN – October 1, 2016.  MPI Corporation has promoted Clay Jackson to Group President & COO, responsible for the leadership and performance of the Metals Group of companies held by MPI Corp.  He will assume full responsibility of the role effective October 1, after a transition period with Matthew Lesher who was hired to fill Clay’s previous position.  Clay will be based in Logansport, Indiana to be close to the headquarters of the metals related operations.

Clay Jackson was previously the President & COO of Small Parts, Inc., one of the Metals Group companies focused on supplying precision press and slide-formed metal stampings and assemblies for electrical and safety critical applications.  Clay joined MPI Corp as Vice President of Operations at Small Parts, Inc. in 2005 and a year later became President & COO of the precision metal forming operations.  Prior to joining Small Parts, Inc., Clay has held various operations management positions of increasing responsibility.

“Clay has been instrumental in helping our strategy development, is known for his extraordinary ability to execute and cares to his core for the people of this corporation and our communities,” says Clay Barnes, President & CEO of MPI Corporation, “He will do an exceptional job of building the businesses by more effectively executing our strategy, helping our enterprise work better together, and enriching lives especially of those he leads.”

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Glad to be Acquired by MPI Corp

Brian Jarrett joined MPI Corp through an acquisition. He began his manufacturing career in the tool room with Continental Tool & Stamping in El Paso, Texas, in 1986. In 1995, MPI Corp through its Small Parts, Inc. operating company acquired Continental and its Mexico affiliate Maquila de la Frontera in Ciudad Juarez. As the Manufacturing Manager, Brian was asked to help design a new facility into which Small Parts would consolidate the various Juarez acquisitions. Repeatedly demonstrating his technical abilities and leadership within the MPI Corp culture, in 2008 Brian was asked to serve as the Plant Manager of the Reynosa stamping operation, where he has continued to successfully lead with his practical experience, leadership, and values. “Becoming a part of Small Parts is one of the best things that ever happened to me. It was a blessing,” says Brian. “And I continue to see opportunities ahead of me.”

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Principles have Withstood the Test of Time

“When I wrote the business plan for Small Parts, Inc. as a college student in the late 1950’s and formed MPI Corporation in 1975, I could not have imagined where we would be today. The character and caliber of our people, executive team and board have never been stronger. Principles like treating people with dignity and respect, planning with a long term view, and sharing profits with those who help to earn them have withstood the test of time. Having been a part of this company for more than 5 decades, I could not be prouder of who we are and what we have become.”

John E Barnes
Founding Shareholder and Chairman

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Investing in People for Work & Beyond

Seventy-six employees of the stamping company in Ciudad Juarez, Mexico, participated in a “Relational Intelligence” course in March 2014. The course is one of many within the Work & Beyond curriculum offered by MPI Corp and open to any and all employees. This course was designed to equip employees with an understanding and tools to better work together within the workplace, but can easily be applied to their lives outside of work. The Work & Beyondcurriculum was developed to improve company operating effectiveness by making available to employees training that addresses the distractions within the workplace, and beyond in everyday life. Besides relationships and conflict management, other topics include physical health and well-being, and personal financial planning and management.

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Opportunities for Professional Growth

Chico Rodriguez began his career with MPI Corporation in 1989 with the operating company Small Parts, Inc. His first position was working as a production operator in one of the stamping plants in Indiana. He was soon promoted to Warehouse Manager. Having identified him as a high potential leader, MPI Corp sponsored Chico to pursue an engineering degree at Purdue University. After receiving his degree, Chico held several engineering and production related positions of increasing responsibility for the next several years. In 2004, he transferred to HTI, another MPI Corporation company, where he was mentored for two years by the General Manager of the business. In 2006, Chico was promoted to President & COO of HTI where he continues to serve his employees and customers.

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At MPI Corp to Make a Difference

Elise Densborn joined MPI Corporation in 2011 because she saw the opportunity to be part of something different: an organization operating on values with a purpose to positively impact people’s lives. “MPI Corp provided me a unique opportunity to build and grow businesses through the practice of our core principles of integrity, excellence, and service. These values affect not only the quality of our work, but also the character and attitude we demonstrate every day.” Elise joined MPI Corp as a Senior Financial Analyst and has since been promoted to Director of Enterprise Risk Management. “I am excited to be part of something greater than myself and to positively impact the lives of not only our shareholders and employees, but all of our stakeholders, including the communities in which we operate.”