SOURCE: Dynamic Materials Corp.
BOULDER, CO--(Marketwire - Oct 18, 2012) - Dynamic Materials Corporation (DMC) (NASDAQ: BOOM) today announced it will combine the worldwide operations of its Explosive Metalworking business under its venerable Nobelclad brand. Operations uniting under the Nobelclad name are DMC Clad Metal in North America, Dynaplat in Germany, Nobelclad in France, as well as the segment's global sales and marketing organization.
The rebranding program is designed to unify DMC's family of collaborative cladding facilities under a single, recognized moniker. Nobelclad originated in the mid 1960s as one of the world's first commercial explosion welding operations, which was based in Rivesaltes, France. The name paid homage to the forefather of commercial explosives, Alfred Nobel, who patented dynamite in 1867 and founded one of Nobelclad's predecessor companies. The Nobelclad business was acquired by DMC in 2001.
"Nobelclad has been a respected name in the explosion-welding industry for more than four decades," said Yvon Cariou, DMC's president and CEO. "As we continue our push into new industrial end markets and proceed with our expansion in Asia, we will do so under a singular long-standing brand that is associated with the highest quality products and solutions available in the explosion welding sector."
DMC also announced that Jeff Nicol has been promoted to senior vice president and general manager of the worldwide DMC Nobelclad business. Nicol, who operates out of the Company's headquarters in Boulder, was previously vice president and general manager of DMC Clad Metal in North America, and joined the Company in 2008 as the segment's vice president of sales and marketing. Previously, he spent 21 years with Alcoa, where he ascended to chief metallurgist and global marketing director.
"Since joining the Company four years ago, Jeff has become an authority on the global cladding industry and the markets that utilize our products," Cariou said. "Jeff is a talented and strategic leader, and he and our incoming CEO, Kevin Longe, have already established a strong working relationship. Kevin and I are looking forward to Jeff's expanded contributions as we collectively work to advance Nobelclad's growth initiatives."
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation serves a global network of customers in the energy, industrials and infrastructure markets through two core business segments -- Nobelclad Explosive Metalworking and Oilfield Products -- as well as a specialized industrial service provider, AMK Welding. The Explosive Metalworking segment is the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. Oilfield Products is an international manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. AMK Welding utilizes various specialized technologies to weld components for use in power-generation turbines, and commercial and military jet engines. For more information, visit the Company's websites at http://www.dynamicmaterials.com and http://www.dynaenergetics.com.
Safe Harbor Language
Except for the historical information contained herein, this news release contains forward-looking statements, including those regarding our global growth initiatives and the prospects we are pursuing at each of our three business segments. These risks and uncertainties include, but are not limited to, the following: our ability to realize sales from our backlog; our ability to obtain new contracts at attractive prices; the size and timing of customer orders and shipments; fluctuations in customer demand; our ability to successfully execute upon international growth opportunities; fluctuations in foreign currencies, changes to customer orders; the cyclicality of our business; competitive factors; the timely completion of contracts; the timing and size of expenditures; the timing and price of metal and other raw material; the adequacy of local labor supplies at our facilities; current or future limits on manufacturing capacity at our various operations; the availability and cost of funds; and general economic conditions, both domestic and foreign, impacting our business and the business of the end-market users we serve; as well as the other risks detailed from time to time in the Company's SEC reports, including the annual report on Form 10-K for the year ended December 31, 2011.