EAF Service Provider Superior Machine Under New Ownership
12/04/2023 - Woodings Industrial Corp. has acquired U.S.-based electric arc furnace specialist Superior Machine Co. of South Carolina Inc. for an undisclosed amount.
More than 50 years old, Superior Machine specializes in time-critical, turnkey upgrades and revamps of electric arc furnaces and associated meltshop equipment. It offers design, engineering and project management services; in-house manufacturing; and field service.
"We are very excited about expanding our meltshop expertise and capabilities to include electric arc furnace and continuous casting capabilities in the North American market. I am also very happy to welcome the Superior team of 140 professionals onboard," said Woodings Industrial president and chief executive officer Robert T. Woodings III.
“The acquisition will benefit both companies’ existing customers with opportunities for complementary design, engineering, and manufacturing proficiencies, and I am convinced that, together with Superior, we can expand our business in line with our growth strategy,” he added.
Superior Machine will continue to operate independently under the Woodings Industrial group of companies, maintaining its brand identity and leadership team.
Woodings Industrial said the acquisition is in keeping with its growth strategy and will enhance its market position for engineering, design, maintenance and repair of meltshop equipment.
"Joining forces with Woodings Industrial group of companies is an exceptional step for Superior and its employees,” said John L. Ham Jr., Superior Machine president. “This partnership provides access to unparalleled resources and expertise that will accelerate our growth while preserving our commitment to the highest level of customer satisfaction."