News

PTCA Press Releases

PTC Alliance finalizes $65 Million secured facility with JP Morgan

PTC Alliance finalizes $65 Million secured facility with JP Morgan Chase; receives additional $10 Million contribution from sponsor

 WEXFORD, Pa., August 27, 2015 /PRNewswire/ PTC Group Holdings Corp. (“PTC”, or “Company”) a leading
manufacturer of welded and DOM steel tubing and related products announced today that it has finalized an
agreement with JPMorgan Chase (“Chase”), under which Chase will provide a $65 million secured loan facility.
In addition, PTC announced that affiliates of Black Diamond Capital Management, LLC, the Company’s private
equity sponsor, has made an additional investment of $10 million.

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Leadership changes at PTC Group Holdings

The Board of Directors of PTC Group Holdings Corp. announced today that Peter Whiting has resigned as Chairman, President and CEO to pursue new opportunities and spend more time with his family. Mr. Whiting’s departure is effective as of June 12, 2015. In addition, the Board has elected Christopher W. Parker as Chairman of the Board, Curtis G. Solsvig III as Chief Executive Officer and Director, and Cary Hart as President and Director, all effective June 12, 2015, as well.

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PTC Alliance Emphasizes Business as Usual

WEXFORD, PA – April 27, 2015 – PTC Alliance Corp. (“PTC Alliance”) announced today that the Chapter 11 bankruptcy filing of PTC Seamless (“Seamless”) will have no impact on PTC Alliance’s operations, customers, vendors or employees.

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PTC Alliance Acquires Niagara LaSalle Chrome Bar Business

Pittsburgh, PA – (July 7, 2014) – PTC Alliance Corp. today announced its acquisition of the assets of Niagara LaSalle’s Chrome Bar operations in Griffith, IN. Terms of the acquisition were not disclosed but the sale closing is anticipated to occur on or around July 31, 2014.

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PTC Alliance Launches Website

Wexford, PA (June 3rd, 2013) – PTC Alliance is pleased to announce the re-launch of its website at www.ptcalliance.com. The team has created a new website that provides customers, employees, job candidates, suppliers, investors and other stakeholders with enhanced access to key information about the company’s products and technical solutions. 

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ECOBAR27

PTC Alliance has announced the registration of trademark protection for the brand name ECOBAR27 along with the ECOBAR27 logo and slogan “Making a World of Difference”.  ECOBAR27 is a nano cobalt phosphorus (nCoP) plating alternative to hexavalent hard chrome.  The technology for this patented plating alternative was developed in conjunction with the patent holder Integran Technologies of Toronto Canada for hydraulic cylinder applications through the PTC Alliance division Enduro Industries located in Hannibal, Missouri.   

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