2007-08-17 Manufacturing News

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Web-based distributor of metals and plastics has new owner

ThyssenKrupp Materials North American distribution operations buys Seattle based online OnlineMetals, an retailer of metals and plastics.

ThyssenKrupp Materials NA, Inc., the parent company of ThyssenKrupp Services' materials services operations in the NAFTA region, is taking over retroactively as of August 1, 2007, the US web-based retailer of metals and plastics OnlineMetals.com, headquartered in Seattle. The purchase includes all inventories and the IT platform for product marketing.

OnlineMetals.com will be integrated into the ThyssenKrupp Materials NA distribution operations as an autonomous business unit focused on online processing of small orders and thus ideally complementing the existing stock-keeping wholesale business model. The distribution model will allow access to customer segments on which classical wholesalers do not focus their operations.

OnlineMetals.com ships internationally and has a broad customer base in North America. It offers a broad range of metals and plastics including stainless, aluminum, copper, brass, titanium, tool steel, special alloys, carbon steel, composite products and industrial plastics. It also specializes in standard pre-cut shapes and sizes, materials processing and just-in-time deliveries. The business model and IT platform will within the foreseeable future contribute toward rounding off the materials marketing operations on the European markets and hence support business with small-order customers.

News Story - Ruhr University Bochum in conjunction with ThyssenKrupp AG and other industry partners is establishing a research institute for materials research and materials development.

ThyssenKrupp Materials NA, Inc., headquartered in Southfield, Michigan, is a leading provider of production materials and integrated service solutions with over 2,900 employees at 80 locations in North America. The Company is focused on value-added processing and distribution of a full line of aluminum, stainless, copper, brass, specialty metals, steel, and plastics products.

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