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Matalco Inc. Acquires Alexin LLC Expanding Its Aluminum Product Offerings

Alexin Casthouse
The Alexin casthouse in Bluffton, Indiana.

Matalco Inc., a member of the Giampaolo Group of Companies, acquired 100% of Alexin LLC, an aluminum billet and rolling slab supplier based in Bluffton, Indiana. Alexin operates a 225 million lb casting plant, which will add to Matalco’s existing capacity in Brampton, Ontario (250 million lbs); Lordstown, Ohio (350 million lbs); and Canton, Ohio (180 million lbs). Tom Horter, currently president of Alexin, will assume the role of president, Matalco USA Operations, following the completon of the acquisition.

“The integration of Alexin provides Matalco with increased product breadth, particularly in the growing automotive flat rolled product market and specialty alloy billet markets,” said Horter. “Our combined facilities are well-positioned to turbo-charge the group’s future product offerings and PPAPs [Production Part Approval Process] for speed to market in these growing niche areas while supporting other business possibilities to attain the Giampaolo Group’s medium and long-term objectives. The Giampaolo Group provides the necessary access to financial resources for improvement and growth initiatives that align with our customers’ competitive needs. This transaction also provides a broader context of opportunities for our talented employees’ career aspirations.”

Horter added, “Alexin and Matalco have complementary core values for environmental and safety practices, customer focus, employee respect, and engagement, quality offerings and nurturing a culture of continuous improvement through bold and innovative strategic initiatives.”

The acquisition of Alexin fits neatly within the Giampaolo Group’s Industrial Plan, which also included the completion of Matalco’s Lordstown facility and a $10 million modernization of its Canton plant.

“The founders of each company have different, but highly complementary, roots,” explained Armand Sanguigni, CEO of Matalco Inc. and president of Matalco Canada. “Alexin originated as a startup by a handful of high quality, skilled and passionate veterans of the aluminum industry, while Matalco is the result of Triple M Metal LP’s (a North American metals recycling heavyweight) investment in training and development of committed employees to fuel the entrepreneurial downstream expansion resulting in Matalco’s continued growth. The Alexin/Matalco leadership teams combine centuries of experience, proven track records for outstanding operating efficiency, customer partnerships, and successful growth and greenfield start-ups in the aluminum industry. This is another step in Matalco’s growing investments in the United States, including the recently completed Lordstown facility and the the Canton plant that is currently underway.”

The combined capacity for Matalco and Alexin stands at over 1 billion lbs per year, which will be utilized to serve established customer relationships as well as present new growth opportunities with manufacturers in the U.S., Canada, and Mexico.

“The high-performing Alexin employees joining their Matalco counterparts has been the most valued and exciting part of the acquisition,” stated Sanguigni. “While employment levels will not change as a result of the acquisition, we look forward to our enhanced operating footprint leveraging system-wide logistics optimization and other efficiencies in our businesses.”

The acquisition is subject to customary closing conditions.

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