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Georgian American Alloys, Inc. ("GAA") has acquired the membership interests of CC Metals & Alloys (CCMA), a leading producer and supplier of high-grade ferrosilicon alloys for use in the steel, foundry and welding rod industries, from affiliated Optima Group LLC in exchange for shares of GAA. CCMA now joins Felman Production, LLC and Felman Trading, Inc. as subsidiaries of GAA.

 

"This transaction places the affiliated companies of CCMA, Felman Production and Felman Trading under one US company, Georgian American Alloys, which will further leverage Georgian American Alloys' buying power, offer customers a wider selection of products, and strengthen both manufacturers with key synergies," said Motti Korf, Chief Executive Officer of both CCMA and GAA. "CC Metals & Alloys' longstanding track record of quality, customer service and on-time delivery as well as concentration on specialty, value-added products will continue to be a hallmark under this new structuring,"continued Mr. Korf.

 

Felman Trading, Inc., a ferroalloys trading company, will continue to be the primary distributor of ferrosilicon produced by CC Metals & Alloys. Since its founding in 2008, Felman Trading has represented some of the world's largest, longstanding alloy producers from Ukraine, Georgia, Romania and the United States, including sister company Felman Production. Felman Trading sells ferroalloys to steel makers and foundries in North, Central and South Americas.