Author Archives: someconnect

  1. Global Brass and Copper Holdings, Inc. Hires Jeffrey Byrd as Vice President, Business Integration and Supply Chain

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    SCHAUMBURG, IL – Global Brass and Copper Holdings, Inc. (“GBC”) today announced that Jeffrey A. Byrd has been hired as the Vice President, Business Integration and Supply Chain. Mr. Byrd will report to John J. Wasz, GBC’s Chief Operating Officer.

    As the Vice President, Business Integration and Supply Chain, Mr. Byrd will work with the Presidents of A.J. Oster, LLC, Chase Brass, LLC and GBC Metals, LLC (d/b/a Olin Brass) to advance synergies across GBC’s portfolio. He will also be accountable for extending the breadth and depth of GBC’s supply chain competencies to continually improve service levels and working capital management.

    “Jeff’s strategic, collaborative, and analytical abilities will complement the strength of our executive team. Efficiently integrating core business systems and deploying best practices across our organization are crucial for our continued success and future growth,” explained Mr. Wasz.

    Mr. Byrd has more than twenty-five years of metals industry experience, filling a wide range of executive leadership, manufacturing, supply chain, materials and sales roles. Most recently, Mr. Byrd served as the Vice President, Global Operating Systems for Aleris International, Inc.

    About Global Brass and Copper Holdings, Inc.

    Headquartered in Schaumburg, Illinois, Global Brass and Copper Holdings, Inc., (“GBC”) is a leading manufacturer and distributor of copper and copper-alloy strip, sheet, plate, foil, rod and fabricated components in North America and one of the largest in the world. GBC employs approximately 1900 employees worldwide, most of whom are employed through one of its wholly-owned subsidiaries. The companies of GBC, which include GBC Metals, LLC doing business as Olin Brass, Chase Brass, LLC, and A.J. Oster, LLC, and their divisions and subsidiaries, operate manufacturing and distribution facilities in Illinois, Ohio, Rhode Island, Connecticut, California, Mexico, and Puerto Rico, along with joint ventures in Japan and China. GBC’s companies market and sell products under a variety of trademarks and trade names including Olin Brass, Chase Brass, Fineweld Tube, Somers Thin Strip, Blue Dot, Green Dot, Eco Brass, and CuVerro. For further information visit www.gbcmetals.com.

    GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity limited partnerships with over $2.8 billion of assets under management focused on constructive investing in restructurings, turnarounds, and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.

    Contact:
    David Kern
    Director, Human Resources
    4801 Olympia Park Plaza Suite 3500; Louisville, KY 40241
    Telephone: 502.873.3040
    Email: david.kern@olinbrassb.staging.somedigitalmedia.com

  2. Olin Brass Announces Price Adjustment

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    Louisville, KY – GBC Metals, LLC doing business as Olin Brass, a subsidiary of Global Brass and Copper, Inc., recently announced the completion of a comprehensive review of its businesses as well as its continuous efforts to accomplish productivity improvements, equipment reliability, efficiencies and product and service development.

    In a letter to its account base dated January 27, 2012, Olin Brass indicated that it has been able to manage and match its manning levels with economic swings while addressing a shift in demand in several key markets. Thomas J. Werner, Vice President of Marketing and Sales, stated, “Olin Brass has worked very hard to manage all aspects of our costs throughout each of its businesses. Our efforts continue to be underpinned by Olin Brass’s long and proud traditions and our goal remains consistent – to offer the very best of quality products, service and value in the marketplace”. However, fabrication costs have been directly impacted by escalating inflationary factors particular to supplies, maintenance, energy and health care.

    To offset a portion of these costs, effective with new orders entered for shipment beginning March 1, 2012, and beyond, Olin Brass is increasing all fabrication charges by .05 cents per pound. This change applies to all alloys, including 100-200 series as well as all high performance alloys. This modification includes all OEM commercial customers, all supply chain partners, including AJ Oster, as well as all Olin Brass downstream businesses such as Bryan Metals, Fabricated Products, Fineweld Tube and Somers Thin Strip. All existing written agreements will be honored.

    About Global Brass and Copper Holdings, Inc.

    Headquartered in Schaumburg, Illinois, Global Brass and Copper Holdings, Inc., (“GBC”) is a leading manufacturer and distributor of copper and copper-alloy strip, sheet, plate, foil, rod and fabricated components in North America and one of the largest in the world. GBC employs approximately 1900 employees worldwide, most of whom are employed through one of its wholly-owned subsidiaries. The companies of GBC, which include GBC Metals, LLC doing business as Olin Brass, Chase Brass, LLC, and A.J. Oster, LLC, and their divisions and subsidiaries, operate manufacturing and distribution facilities in Illinois, Ohio, Rhode Island, Connecticut, California, Mexico, and Puerto Rico, along with joint ventures in Japan and China. GBC’s companies market and sell products under a variety of trademarks and trade names including Olin Brass, Chase Brass, Fineweld Tube, Somers Thin Strip, Blue Dot, Green Dot, Eco Brass, and CuVerro. For further information visit www.gbcmetals.com.

    GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity limited partnerships with over $2.7 billion of assets under management focused on constructive investing in restructurings, turnarounds, and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.

    Contact:
    Thomas J. Werner, Vice President of Marketing & Sales
    4801 Olympia Park Plaza Suite 3500; Louisville, KY 40241
    Telephone: 502.873.3020
    Email: thomas.werner@olinbrassb.staging.somedigitalmedia.com

  3. Global Brass and Copper Holdings, Inc. Names John Wasz Chief Operating Officer

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    SCHAUMBURG, IL – Global Brass and Copper Holdings, Inc. (“GBC”) today announced the promotion of John J. Wasz to Chief Operating Officer. Mr. Wasz has served as the President of Olin Brass, GBC’s largest division, since January 2010.

    As Chief Operating Officer, Mr. Wasz will be accountable for the strategic and operational direction of all GBC companies. Dan Becker, President of A.J. Oster, and Devin Denner, President of Chase Brass, will now report to Mr. Wasz. In addition to fulfilling these new accountabilities, Mr. Wasz will continue as the President of Olin Brass.

    “Since joining our organization two years ago, John has effectively led the Olin Brass executive team in implementing transformative change throughout the organization,” said John J. Walker, Chief Executive Officer of GBC. “As we continue to battle adverse market conditions, John will build upon recent successes in all of our businesses to further optimize near-term performance while simultaneously enhancing the long-term value of Global Brass and Copper.”

    Mr. Wasz has filled various commercial, supply chain, metals management, and executive leadership roles throughout his thirty-year metals career. Immediately prior to joining GBC, Mr. Wasz was Executive Vice President and President Rolled Products for Aleris International, Inc.

    About Global Brass and Copper Holdings, Inc.

    Headquartered in Schaumburg, Illinois, Global Brass and Copper Holdings, Inc., (“GBC”) is a leading manufacturer and distributor of copper and copper-alloy strip, sheet, plate, foil, rod and fabricated components in North America and one of the largest in the world. GBC employs approximately 1900 employees worldwide, most of whom are employed through one of its wholly-owned subsidiaries. The companies of GBC, which include GBC Metals, LLC doing business as Olin Brass, Chase Brass, LLC, and A.J. Oster, LLC, and their divisions and subsidiaries, operate manufacturing and distribution facilities in Illinois, Ohio, Rhode Island, Connecticut, California, Mexico, and Puerto Rico, along with joint ventures in Japan and China. GBC’s companies market and sell products under a variety of trademarks and trade names including Olin Brass, Chase Brass, Fineweld Tube, Somers Thin Strip, Blue Dot, Green Dot, Eco Brass, and CuVerro. For further information visit www.gbcmetals.com.

    GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity limited partnerships with over $2.7 billion of assets under management focused on constructive investing in restructurings, turnarounds, and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.

    Contact:
    David Kern
    Director, Human Resources
    4801 Olympia Park Plaza Suite 3500; Louisville, KY 40241
    Telephone: 502.873.3040
    Email: david.kern@olinbrassb.staging.somedigitalmedia.com

  4. Olin Brass Rolling Department Safety Success

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    East Alton, IL – In 2010, employees of the Olin Brass Casting Plant located on Illinois Route 3 conducted a safety slogan contest. The winning slogan, “One purpose, one mind, one goal … Safety – it’s a team sport” was submitted by Chris Jackson, then Rolling Department employee.

    His fellow Rolling Department employees have taken that message to heart and have successfully achieved 365 days without a recordable injury. Bill Fautch, Vice President of Manufacturing, stated, “As we continue to approach safety differently and institute OSHA’s Voluntary Protection Program (VPP), we have called on all levels of the organization to work proactively and cooperatively to achieve one goal, creating an environment that is accident and injury free. The Rolling Department has taken their winning slogan and run with it. They have worked together, as a team, to achieve safety excellence.”

    This accomplishment is not a small task. It should be regarded as a great success, considering this group of approximately 40 employees worked approximately 70,649 man hours without an injury! That is outstanding performance!

    Additionally, this department regularly handles the operation and transportation of more than 2 million pounds of metal per shift. To have an outstanding safety record, is proof that “ZERO is attainable”!

    “We strive to be an industry leader in all aspects of our business. We are proud of this group of employees. Their ability to have zero injuries over the course of one full year sets an example for other areas of the organization as well as others within our industry,” stated Bill Fautch. “Congratulations to all Rolling employees who contributed to this excellent performance!”

    About Global Brass and Copper, Inc.

    Headquartered in Schaumburg, Illinois, Global Brass and Copper, Inc. (“GBC”) is the leading manufacturer and distributor of copper and copper-alloy sheet, strip, plate, foil, rod, and fabricated components in North America and one of the largest in the world. GBC employs over 2,000 employees, and operates manufacturing facilities in East Alton, Illinois; Montpelier and Bryan, Ohio; Waterbury, Connecticut; and Cuba, Missouri; along with joint ventures in Japan and China. The company also operates A.J. Oster, the leading service center and distributor of brass and copper products in North America. GBC and its subsidiaries sell products under the Olin Metals, Olin Brass, and Chase Brass brand names. For further information visit www.gbcmetals.com, www.olinbrass.mainteractive-host2.com, or www.chasebrass.com

    GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.6 billion of committed capital focused on constructive investing in restructurings, turnarounds and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.

  5. Olin Brass Announces Product and Price Adjustments

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    East Alton, IL – Olin Brass, a division of Global Brass & Copper, recently announced the completion of a comprehensive business-wide strategic examination of its businesses in order to drive a step-change in performance and to strengthen the overall value proposition to its customers.

    In a letter to its account base dated September 8, Olin Brass indicated that a primary component of its strategic review was a thorough examination of its current product mix offerings. Thomas J. Werner, Vice President of Marketing and Sales, stated “ While Olin Brass is recognized as offering the largest range of alloys and product combinations in the industry, based on the findings of this review, it was necessary to modify pricing within certain product categories”.

    To this end, effective with new orders shipped beginning November 19, 2010, Olin Brass announced new price schedules that reflect fabrication adders to specific alloys, including C110, phosphor bronzes, 700 series alloys and certain high performance materials. Along with these changes, Olin Brass also announced it would be eliminating a small number of product categories.

    Finally, Olin Brass has informed all supply chain partners that prices will be quoted as “Price In Effect” unless otherwise negotiated for a specific customer contract.

    About Global Brass and Copper, Inc.

    Headquartered in Schaumburg, Illinois, Global Brass and Copper, Inc. (“GBC”) is the leading manufacturer and distributor of copper and copper-alloy sheet, strip, plate, foil, rod, and fabricated components in North America and one of the largest in the world. GBC employs over 2,000 employees, and operates manufacturing facilities in East Alton, Illinois; Montpelier and Bryan, Ohio; Waterbury, Connecticut; and Cuba, Missouri; along with joint ventures in Japan and China. The company also operates A.J. Oster, the leading service center and distributor of brass and copper products in North America. GBC and its subsidiaries sell products under the Olin Metals, Olin Brass, and Chase Brass brand names. For further information visit www.gbcmetals.com, www.olinbrass.mainteractive-host2.com, or www.chasebrass.com

    GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.6 billion of committed capital focused on constructive investing in restructurings, turnarounds and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.

  6. Global Brass and Copper, Inc. Names John Wasz President of Olin Brass

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    SCHAUMBURG, IL – Global Brass and Copper, Inc. (“GBC”) announced today that John J. Wasz has been hired as President of GBC Metals, LLC doing business as Olin Brass, GBC’s largest division. Mr. Wasz has held a variety of executive leadership and commercial roles in the metals industry for more than 27 years, most recently serving in an active role as Executive Vice President and President Rolled Products for Aleris International, Inc.

    “John has a solid track record of improving financial performance by implementing transformative change across an organization, and he is experienced in driving industry consolidation within the metals sector,” commented John J. Walker, Chief Executive Officer of GBC. “We welcome John to our team and look forward to his leadership.”

    “I’m excited to join an organization with such a strong market reputation and rich history of product innovation,” said Mr. Wasz. “I look forward to leading this company through the next phases of its evolution.”

    Mr. Wasz began his career with Reynolds Metals Company in 1982. He joined Commonwealth Industries, Inc.’s (“CII”) Commonwealth Aluminum subsidiary in 1985 as a National Account Manager and held a variety of commercial and supply chain roles including Vice President, Marketing and Sales and Vice President, Materials.

    In 1999, Mr. Wasz was named Vice President, Operations for Alflex Corporation, another subsidiary of CII. He was promoted to President of Alflex Corporation and Executive Vice President of CII in 2001 where he led a significant restructuring and turnaround. Following the 2004 merger of CII with IMCO Recycling Inc., Mr. Wasz was named Executive Vice President and President Rolled Products for Aleris International, Inc., the company established through the merger.

    About Global Brass and Copper, Inc.

    Headquartered in Schaumburg, Illinois, Global Brass and Copper, Inc. (“GBC”) is the leading manufacturer and distributor of copper and copper-alloy sheet, strip, plate, foil, rod, and fabricated components in North America and one of the largest in the world. GBC employs over 2,000 employees, and operates manufacturing facilities in East Alton, Illinois; Montpelier and Bryan, Ohio; Waterbury, Connecticut; and Cuba, Missouri; along with joint ventures in Japan and China. The company also operates A.J. Oster, the leading service center and distributor of brass and copper products in North America. GBC and its subsidiaries sell products under the Olin Metals, Olin Brass, and Chase Brass brand names. For further information visit www.gbcmetals.com, www.olinbrass.mainteractive-host2.com, or www.chasebrass.com.

    GBC Metals, LLC doing business as GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.6 billion of committed capital focused on constructive investing in restructurings, turnarounds and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.

    Contact:
    David Kern
    Director, Human Resources; Olin Brass
    427 N. Shamrock Street; East Alton, IL 62024
    Telephone: 618/258-5946
    E-mail: David.Kern@olinbrassb.staging.somedigitalmedia.com