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John Maneely Company Completes Restructuring
10/12/2010 - John Maneely Co. has completed an organizational restructuring, including the change of the company’s name to JMC Steel Groupto better reflect the company's core steel pipe and tubular products business.
John Maneely Co. has completed an organizational restructuring that positions it to grow through acquisition, hire new employees and improve customer service.
"We are now in a position to grow, hire new people, reduce costs and provide career advancement opportunities for our colleagues,” commented JMC Steel Group CEO Frank A. Riddick III. “The restructuring enables us to take full advantage of the synergies that existed within our pipe and tubular companies. We were able to consolidate along functional lines -- purchasing, production planning and business development, for example -- to make us more cost efficient and responsive."
A key part of the restructuring is the change of the company’s name to JMC Steel Group, which better reflects the company's core steel pipe and tubular products business.
"Our new name more clearly defines our core business,” continued Riddick. “We produce steel pipe and tubular products, primarily for the non-residential construction, transportation and energy markets. We plan to add new groups of brands or companies that complement the businesses in our steel group."
David Seeger, president of JMC Steel Group, said that the restructuring and name change will better define the company's brand in the marketplace. "The recent acquisitions and mergers by the John Maneely Co., including the addition of several new products, has been beneficial to our customers but the marketplace may not be fully aware of our full product lines and capabilities. The name change and restructuring will clearly define who we are."
Seeger noted the reorganized structure would help the company better focus its sales and marketing efforts while giving it the continued flexibility to serve distinct market segments and customers.
The JMC Steel Group, a leading North Americansteel tubular manufacturer, produces more than 2 million tons of pipe and tubular products a year and employs more than 1,750 people. It operates 11 manufacturing facilities in the U.S. and Canada and is a market leader in steel hollow structural sections (HSS), standard pipe and electrical conduit. The JMC Steel Group is headquartered in Beachwood, OH; its two largest companies, Atlas Tube and Wheatland Tube, will continue to market products under their brand names.
