FRANKLIN PARK, Ill., March 3 /PRNewswire-FirstCall/ -- A. M. Castle &
Co. (NYSE: CAS), a global distributor of specialty metal and plastic
products, value-added services and supply chain solutions, is pleased to
announce that Mr. Curtis M. Samford has joined A. M. Castle & Co. effective
today as President of Castle Metals Oil & Gas commercial unit within its
Metals business.
Mr. Samford served since 2005 as Vice President-Oil & Gas and Vice
President-Marketing of Alcoa Wheel Products. Alcoa Inc., is the world's
leading producer of primary aluminum, fabricated aluminum and alumina
facilities and serves the aerospace, automotive, packaging, building and
construction, commercial transportation, and industrial markets. Prior to
joining Alcoa, Inc. in 2005, he was Vice President Commercial Operations at
UniPure Corporation, and from 1988 to 2001 he held several management
positions at Shell Chemical, Betz Industrial and Dresser Atlas. He is a
1984 graduate in geophysics from Texas A&M University.
"Our strategy includes bringing a strong commercial focus to targeted
growth industries like Aerospace and Oil & Gas, and the manufacturers that
serve them. Within our Metal's business we seek leadership that is
dedicated to the needs of our customers serving these industries," stated
Michael Goldberg, President and CEO of A. M. Castle. "This appointment is a
critical step in continuing to position the Company as the foremost
provider of specialty metal products and supply chain services to targeted
industries on a global scale," concluded Goldberg.
About A. M. Castle & Co.
Founded in 1890, A. M. Castle & Co. is a global distributor of
specialty metal and plastic products and supply chain services, principally
serving the producer durable equipment sector of the economy. Its customer
base includes many Fortune 500 companies as well as thousands of medium and
smaller-sized firms spread across a variety of industries. Within its
metals business, it specializes in the distribution of alloy and stainless
steels; nickel alloys; aluminum and carbon. Through its subsidiary, Total
Plastics, Inc., the Company also distributes a broad range of value-added
industrial plastics. Together, Castle operates over 65 locations throughout
North America, Europe and Asia. Its common stock is traded on the New York
Stock Exchange under the ticker symbol "CAS".
Safe Harbor Statement / Regulation G Disclosure
This release may contain forward-looking statements relating to future
financial results. Actual results may differ materially as a result of
factors over which the Company has no control. These risk factors and
additional information are included in the Company's reports on file with
the Securities Exchange Commission.
The financial statements included in this release contain a non-GAAP
disclosure, EBITDA, which consists of income before provision for income
taxes plus depreciation and amortization, and interest expense, less
interest income. EBITDA is presented as a supplemental disclosure because
this measure is widely used by the investment community for evaluation
purposes and provides the reader with additional information in analyzing
the Company's operating results. EBITDA should not be considered as an
alternative to net income or any other item calculated in accordance with
U.S. GAAP, or as an indicator of operating performance. Our definition of
EBITDA used here may differ from that used by other companies. A
reconciliation of EBITDA to net income is provided per U.S. Securities and
Exchange Commission requirements.
SOURCE A. M. Castle & Co.
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CONTACT: Larry A. Boik, Vice President-Finance & CFO of A. M. Castle & Co., +1-847-349-2576, lboik@amcastle.com; or investors, Katie Pyra of Ashton Partners, +1-312-553-6717, kpyra@ashtonpartners.com, for A. M. Castle & Co.
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