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Universal Metal history
Universal Metal company history timeline
1987 → Universal Metal Products is acquired by current owner.
Cyclops split the Cytemp operation into two parts in 1990; the Bridge ville operation was renamed Bridgeville Stainless & Alloy Product s, while Titusville kept the Cytemp name.
A plan for Armco Inc. of Parsippany, New Jersey, to buy Cyclops for & #36;156 million collapsed in the spring of 1991.
In the meantime, in January 1992, Cyclops announced that it was closi ng Bridgeville Stainless & Alloy Products after having failed to lift income or forge a new agreement with the United Steelworkers uni on (USW). According to American Metal Market, its capacity was 100,000 tons a year.
The deal w as not entirely dead, however, and the companies would be combined in April 1992. (Armco also acquired the Cytemp Specialty Steel operatio n in Titusville.)
The Bridgeville plant was virtually shut down in late 1993 during a r estructuring of Armco.
Unive rsal capitalized on that interest in a successful initial public offe ring on the NASDAQ in December 1994.
Universal reported a loss of $2.5 million on sales of $7.4 mi llion for 1994.
Revenues were up to $47 million in 1995, with stainless steel ac counting for $38 million of sales.
1995: The Titusville plant is acquired.
1996: Capital improvement is begun by rebuilding the Bridgevil le melt shop's 50-ton electric arc furnace.
1997 → Hercules Stamping is acquired by Universal Metal Products to expand progressive die punch press capabilities. aka UMP, Pemberville.
Sales were up to $81 million by 1997, producing net earnings of & #36;7 million.
The Bridgeville plant was ISO 9002 certified in 1998 a nd installed a new $11 million round bar finishing facility.
In 1999, the third generation arrived at Universal Steel when William B “Bray” Bourne IV started as assistant project managers.
Empire had been formed from AL Tech Specialty Steel, which Universal had considered buying for &# 36;38 million before it went bankrupt in 1999.
With natural gas costs escalating, in October 2000 Universal began im plementing a surcharge in October 2000.
Universal Steel, by that time, had again grown too large for its current location, and in 2000 purchased the building adjacent to the Lithonia plant.
2000 → Wickliffe facility expansion and relocation of heat treat operations to optimize material flow.
2000: The company enters the plate product markets after acqui ring a plate saw.
2001 → Wickliffe facility adds (2) wire EDM machines.
Losses there helped lower Universal's overall profits 72 percent to $2 million in 2002.
2002: Dunkirk Specialty Steel is acquired, greatly expanding o fferings in finished specialty steel.
2003 → Appliance OEM’s step up migration from US based operations into Mexico.
Universal lost $1.4 million in 2003.
2004 → UMP McAllen opens 30,000 sq. ft. facility with dedicated progressive die punch press operations.
2004 → Wickliffe facility adds (1) wire EDM machine to existing footprint.
Sales rose enormousl y in 2004, reaching $120.6 million, with net income of $7.1 m illion.
2004: Universal posts record revenues and backlog.
In 2005, Russell Blocker started with Universal Steel as an assistant project manager.
2005 → McAllen facility adds (1) 400 ton press to existing footprint.
Universal Steel would double its structural capacity in 2006 with the acquisition of the assets of the former Triad Steel facility in Thomasville, North Carolina.
2006 → UMP McAllen expands to 60,000 square feet.
2007 → UMP Pemberville adds (2) 600 ton presses to increase tonnage capability.
2010 → UMP Pemberville adds (2) additional 600 ton presses to current footprint.
2017 → Wickliffe facility acquires new CNC milling equipment to help facilitate existing internal die building capabilities.
2018 → CNC milling operations start at UMP Wickliffe
2019 → CNC lathe capability added to UMP Wickliffe
2020 → UMP certified by WBENC as Women Owned
2020 → UMP’s apprenticeship program garduates our first women journeyperson
2021 → UMP celebrates 75 years of metal forming solutions
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Universal Metal competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| HPL Stampings | 1941 | $5.9M | 20 | - |
| Kent Adhesive Products | 1974 | $38.5M | 86 | 16 |
| Northern Engraving | 1908 | $13.1M | 1,200 | 35 |
| G & S Metals | 1995 | $550,000 | 50 | 5 |
| Indium | 1934 | $930.0M | 3,000 | 7 |
| A. O. Smith | 1904 | $3.8B | 15,100 | 40 |
| Toro | 1914 | $4.6B | 10,300 | 195 |
| ABB Motors and Drives US | 1920 | $1.5B | 5,500 | - |
| Regal Beloit | 1955 | $6.0B | 23,600 | 71 |
| Rexnord | 1891 | $1.9B | 8,000 | - |
Universal Metal history FAQs
Zippia gives an in-depth look into the details of Universal Metal, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Universal Metal. The employee data is based on information from people who have self-reported their past or current employments at Universal Metal. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Universal Metal. The data presented on this page does not represent the view of Universal Metal and its employees or that of Zippia.
Universal Metal may also be known as or be related to Universal Metal, Universal Metal Products and Universal Metal Products, Inc.