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INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing
unionmetal.com.com

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Acq - Fin | Alive

About Union Metal

Union Metal is a street lighting manufacturer that offers a broad line of steel and aluminum poles for lighting, traffic control, signage, and communication. The company's products include traffic control poles, street lighting poles, architectural area lighting, high mast lighting, sports lighting, stadium lighting, cellular tower poles, telecommunication poles, custom structures, catenary and light rail poles, and distribution poles.

Union Metal Headquarter Location

1432 Maple Ave., NE

Canton, Ohio, 44705,

United States

330-456-7653

Latest Union Metal News

Canton's Union Metal plant getting new owner - News - The Repository - Canton, OH

May 20, 2018

Canton's Union Metal plant getting new owner   Thursday May 3, 2018 at 6:17 PM American Industrial Acquisition Corporation (AIAC Group) has purchased Union Metal's assets, said Larry Small, the Canton plant's future chief operating officer. CANTON  There could be activity at the shuttered Union Metal plant as early as Friday. American Industrial Acquisition Corporation (AIAC Group) has purchased Union Metal's assets, said Larry Small, the Canton plant's future chief operating officer. "It's a done deal," Small said. "The new company's going to be called Union Metal Industries Corporation." The manufacturer of steel and aluminum light poles announced its impending closure in December. The plant at 1432 Maple Ave. NE hasn't produced anything since at least March, Small said. AIAC Group's plans to reopen the plant and produce the same product within two to three weeks. Small said details still were being determined Thursday, but he expects the Canton site to employ at least 100 people. AIAC Group is based in New York City and has an industrial investment portfolio of 75 manufacturing and distribution facilities in North America, Europe and Asia, according to its corporate website. "It's a group that buys companies and keeps them," Small said. "AIAC never sells the company. Instead, we come in and fix it and make it last in perpetuity, if possible." Stark County property records do not yet reflect the purchase. Canton Mayor Thomas Bernabei said he received an email Wednesday evening from Small about the news but had not yet learned the details. City leaders have followed the potential transaction closely, "waiting and anticipating that it would close day-to-day," Bernabei said. Nearly 340 employees worked at the plant, which was owned by a privately held Texas-based company. Some companies filed legal actions seeking payment from Union Metal in December. Small said AIAC took an interest in the manufacturer because of its roughly 112-year history and significant number of employees. "It's one of those companies that was in trouble financially, and we thought it had a good product," he said. Reach Kelly at 330-580-8323

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