Latest news with #AtlasHoldings
Business Upturn
01-08-2025
- Business
- Business Upturn
USW welcomes new era with Orion Steel, Interpro Pipe and Steel
BURNABY, British Columbia, Aug. 01, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW), representing more than 1,000 workers across steel, pipe and related manufacturing facilities in Alberta and Saskatchewan, is welcoming a new chapter under the ownership of Atlas Holdings, which will operate Interpro Pipe and Steel under the new banner of Orion Steel. Atlas Holdings announced its acquisition of Evraz North America last month, with the deal officially closing yesterday. The Canadian operations of the newly named Orion Steel will continue under the name Interpro Pipe and Steel, encompassing USW-represented steel and pipe operations and a rolling mill in Regina, a weld line tube and casing plant in Calgary, several recycling facilities and a pipe-coating mill. 'This investment by Atlas Holdings provides security and immediate and long-term opportunities for our members and the communities where they work,' said Scott Lunny, USW Western Canada Director. 'Atlas has extensive experience operating industrial businesses, working in partnership with unions, and has the capacity to work proactively with provincial and national governments. We are confident they have a long-term view and can provide the expertise and leadership to grow the business,' said Lunny. The USW extends its thanks to outgoing CEO James 'Skip' Herald for his leadership during challenging years at Evraz North America and for his role in helping bring the sale to completion. The union also welcomes Doug Matthews as the incoming Chief Executive Officer of Orion Steel. 'USW and our local unions in Western Canada and the Territories look forward to working with Orion and Interpro Pipe and Steel to guide and grow the steel and pipe business in Western Canada into the future,' said Lunny. About the United Steelworkers The USW represents 225,000 members in nearly every economic sector across Canada and is the largest private-sector union in North America, with 850,000 members in Canada, the United States and the Caribbean. Each year, thousands of workers choose to join the USW because of the union's strong track record in creating healthier, safer and more respectful workplaces and negotiating better working conditions and fairer compensation – including good wages, benefits and pensions. For more information: Scott Lunny, USW Western Canada Director, [email protected], 604-329-5308 Brett Barden, USW Communications, [email protected], 604-445-6956 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Hamilton Spectator
01-08-2025
- Business
- Hamilton Spectator
USW welcomes new era with Orion Steel, Interpro Pipe and Steel
BURNABY, British Columbia, Aug. 01, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW), representing more than 1,000 workers across steel, pipe and related manufacturing facilities in Alberta and Saskatchewan, is welcoming a new chapter under the ownership of Atlas Holdings, which will operate Interpro Pipe and Steel under the new banner of Orion Steel. Atlas Holdings announced its acquisition of Evraz North America last month, with the deal officially closing yesterday. The Canadian operations of the newly named Orion Steel will continue under the name Interpro Pipe and Steel, encompassing USW-represented steel and pipe operations and a rolling mill in Regina, a weld line tube and casing plant in Calgary, several recycling facilities and a pipe-coating mill. 'This investment by Atlas Holdings provides security and immediate and long-term opportunities for our members and the communities where they work,' said Scott Lunny, USW Western Canada Director. 'Atlas has extensive experience operating industrial businesses, working in partnership with unions, and has the capacity to work proactively with provincial and national governments. We are confident they have a long-term view and can provide the expertise and leadership to grow the business,' said Lunny. The USW extends its thanks to outgoing CEO James 'Skip' Herald for his leadership during challenging years at Evraz North America and for his role in helping bring the sale to completion. The union also welcomes Doug Matthews as the incoming Chief Executive Officer of Orion Steel. 'USW and our local unions in Western Canada and the Territories look forward to working with Orion and Interpro Pipe and Steel to guide and grow the steel and pipe business in Western Canada into the future,' said Lunny. About the United Steelworkers The USW represents 225,000 members in nearly every economic sector across Canada and is the largest private-sector union in North America, with 850,000 members in Canada, the United States and the Caribbean. Each year, thousands of workers choose to join the USW because of the union's strong track record in creating healthier, safer and more respectful workplaces and negotiating better working conditions and fairer compensation – including good wages, benefits and pensions. For more information: Scott Lunny, USW Western Canada Director, slunny@ , 604-329-5308 Brett Barden, USW Communications, bbarden@ , 604-445-6956
Yahoo
31-07-2025
- Business
- Yahoo
Atlas Completes Acquisition of Steelmaker EVRAZ North America; Forms Orion Steel and Appoints Doug Matthews CEO
Orion Steel Companies is Comprised of Rocky Mountain Steel Mills, Oregon Steel Mills, and Interpro Pipe and Steel GREENWICH, Conn., July 31, 2025--(BUSINESS WIRE)--Atlas Holdings ("Atlas") today announced the formation of the Orion Steel Companies ("Orion Steel" or "the Companies") following the completion of the previously announced acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada and their respective subsidiaries (together, "EVRAZ North America"). Leading the newly created Orion Steel as Chief Executive Officer is former U.S. Steel executive Doug Matthews. In June, Atlas announced an agreement to acquire EVRAZ North America, a leading producer of engineered steel products in the United States and Canada for rail, energy, infrastructure and industrial end markets. Matthews succeeds Skip Herald, who guided the company through significant challenges since 2019 and will continue his service as a member of the Orion Steel Board of Directors. Orion Steel includes Rocky Mountain Steel Mills in Pueblo, Colorado; Oregon Steel Mills in Portland, Oregon; and Interpro Pipe and Steel in Regina, Saskatchewan and locations across Alberta, Canada. Each of the companies' names were inspired by the legacies of their steel operations, honoring their roots while beginning a new era. Collectively, the Companies employ 3,400 skilled associates across two electric arc furnace steel facilities, 12 steel product mills and 17 scrap recycling facilities and have a steelmaking capacity of 2.3 million tons and finished steel capacity, including tubular products, of 3.5 million tons. Orion Steel products regularly contain 98%+ recycled scrap material and Rocky Mountain Steel is the world's largest solar-powered steel mill and the largest rail supplier in North America. "As a well-capitalized strategic supplier, Orion Steel is poised to become a central player in the North American market, helping to ensure economic and security interests of the United States and Canada are advanced through significant, local production," said Doug Matthews, CEO of Orion Steel. "I've been in this business for three decades and I am completely energized by this unique opportunity. This is a historic operation heading into a bold new chapter. "I've seen the look in steelworkers' eyes when they push an operation to new heights. We are going to see that same look from our team members across all Orion Steel facilities as we write the next chapter of this essential North American steelmaker," added Matthews. "We have a partner in Atlas with a stellar record in the United States and Canada of building great industrial companies over the long-term. And Atlas is committed to ensuring we have the human and financial capital we need, and the strategic guidance, to achieve lasting success." "We were looking for the right leader to guide this business into its next chapter — someone with deep industry knowledge and a proven track record," said Atlas Partner Sam Astor. "Doug offers more than just decades of experience in operations, sales, marketing and supply chain management. He brings a forward-thinking, hands-on approach that helped transform U.S. Steel's commercial strategy and operations, and he has the deep belief that the heart of this business is the people on the ground, running the mills day in and day out —and he works to empower them to perform at their best." In his 33 years with U.S. Steel, Matthews played an essential role in revitalizing its commercial strategy and operations, ultimately serving as Chief Commercial & Technology Officer, Tubular and Mining Solutions. He joined the company in 1988, rising through company ranks from plant leadership in Pittsburgh, Pennsylvania to operations leadership as a member of the executive team. "This is a critical time in the global steel market. We're ready to meet the challenges and seize the opportunities, and we are excited to be playing a role in ensuring the long-term of strategic steel production in the United States and Canada," Astor added. About Orion Steel Companies Orion Steel owns and operates Rocky Mountain Steel Mills, Interpro Pipe and Steel, and Oregon Steel Mills. As a leading North American producer with a more than 150 year legacy, the Orion companies manufacture engineered steel products for rail, energy and industrial end markets, delivering a broad selection of specialty steel solutions to meet customers' demands in the United States and Canada. Learn more at About Atlas Holdings Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 29 companies which employ more than 60,000 associates across 375 facilities worldwide. Atlas operates in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas' companies together generate more than $20 billion in revenues annually. To learn more, please visit View source version on Contacts mediainquiries@
National Post
31-07-2025
- Business
- National Post
Atlas Completes Acquisition of Steelmaker EVRAZ North America; Forms Orion Steel and Appoints Doug Matthews CEO
Article content Orion Steel Companies is Comprised of Rocky Mountain Steel Mills, Oregon Steel Mills, and Interpro Pipe and Steel Article content GREENWICH, Conn. — Atlas Holdings ('Atlas') today announced the formation of the Orion Steel Companies ('Orion Steel' or 'the Companies') following the completion of the previously announced acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada and their respective subsidiaries (together, 'EVRAZ North America'). Leading the newly created Orion Steel as Chief Executive Officer is former U.S. Steel executive Doug Matthews. Article content In June, Atlas announced an agreement to acquire EVRAZ North America, a leading producer of engineered steel products in the United States and Canada for rail, energy, infrastructure and industrial end markets. Matthews succeeds Skip Herald, who guided the company through significant challenges since 2019 and will continue his service as a member of the Orion Steel Board of Directors. Article content Orion Steel includes Rocky Mountain Steel Mills in Pueblo, Colorado; Oregon Steel Mills in Portland, Oregon; and Interpro Pipe and Steel in Regina, Saskatchewan and locations across Alberta, Canada. Each of the companies' names were inspired by the legacies of their steel operations, honoring their roots while beginning a new era. Collectively, the Companies employ 3,400 skilled associates across two electric arc furnace steel facilities, 12 steel product mills and 17 scrap recycling facilities and have a steelmaking capacity of 2.3 million tons and finished steel capacity, including tubular products, of 3.5 million tons. Orion Steel products regularly contain 98%+ recycled scrap material and Rocky Mountain Steel is the world's largest solar-powered steel mill and the largest rail supplier in North America. Article content 'As a well-capitalized strategic supplier, Orion Steel is poised to become a central player in the North American market, helping to ensure economic and security interests of the United States and Canada are advanced through significant, local production,' said Doug Matthews, CEO of Orion Steel. 'I've been in this business for three decades and I am completely energized by this unique opportunity. This is a historic operation heading into a bold new chapter. Article content 'I've seen the look in steelworkers' eyes when they push an operation to new heights. We are going to see that same look from our team members across all Orion Steel facilities as we write the next chapter of this essential North American steelmaker,' added Matthews. 'We have a partner in Atlas with a stellar record in the United States and Canada of building great industrial companies over the long-term. And Atlas is committed to ensuring we have the human and financial capital we need, and the strategic guidance, to achieve lasting success.' Article content 'We were looking for the right leader to guide this business into its next chapter — someone with deep industry knowledge and a proven track record,' said Atlas Partner Sam Astor. 'Doug offers more than just decades of experience in operations, sales, marketing and supply chain management. He brings a forward-thinking, hands-on approach that helped transform U.S. Steel's commercial strategy and operations, and he has the deep belief that the heart of this business is the people on the ground, running the mills day in and day out —and he works to empower them to perform at their best.' Article content In his 33 years with U.S. Steel, Matthews played an essential role in revitalizing its commercial strategy and operations, ultimately serving as Chief Commercial & Technology Officer, Tubular and Mining Solutions. He joined the company in 1988, rising through company ranks from plant leadership in Pittsburgh, Pennsylvania to operations leadership as a member of the executive team. Article content 'This is a critical time in the global steel market. We're ready to meet the challenges and seize the opportunities, and we are excited to be playing a role in ensuring the long-term of strategic steel production in the United States and Canada,' Astor added. Article content About Orion Steel Companies Article content Orion Steel owns and operates Rocky Mountain Steel Mills, Interpro Pipe and Steel, and Oregon Steel Mills. As a leading North American producer with a more than 150 year legacy, the Orion companies manufacture engineered steel products for rail, energy and industrial end markets, delivering a broad selection of specialty steel solutions to meet customers' demands in the United States and Canada. Learn more at Article content About Atlas Holdings Article content Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 29 companies which employ more than 60,000 associates across 375 facilities worldwide. Atlas operates in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas' companies together generate more than $20 billion in revenues annually. To learn more, please visit Article content Article content Article content Article content Article content
New Straits Times
08-07-2025
- New Straits Times
Assistant to company director charged with cheating over RM5.1 million glove deal
KUALA LUMPUR: An assistant to a company director claimed trial at the Sessions Court today (July 7) to a charge of cheating a businesswoman out of RM5.1 million from purported sales of non-existent nitrile examination gloves five years ago. P. Dinesh, 36, entered his plea after the charge was read out to him before judge Azrul Darus. He was accused of committing the offence with company director R. Gopinathan Pillai, who had been charged at another Sessions Court in February. The victim, who owns Atlas Holdings, was allegedly deceived by Dinesh into believing that 150,000 boxes of Coats Nitrile Examination Gloves under the Hartalega brand were stored at the Hartalega Sdn Bhd warehouse, ready for sale and delivery by Gopinathan's company, Aspen Broadway. However, the gloves did not exist, and he allegedly induced the victim to transfer RM5.1 million through a law firm to a bank account of another law firm appointed by Aspen Broadway — a transaction the victim would not have made had he known he was being deceived. The offence allegedly occurred at about 11am at a condominium in Jalan Tun Ismail on Nov 9, 2020. The offence under Section 420 of the Penal Code read with Section 34 carries a jail term of not less than one year and not exceeding 10 years, whipping and a fine upon conviction. Deputy public prosecutor Chow Siang Kong proposed a RM500,000 bail with two sureties bail. He also applied for the accused to surrender his passport to the court and report to the police station monthly as additional conditions. However, lawyer Mohd Akmal Mohd Taufik argued for a lower bail, describing the prosecution's suggested sum as excessive and punitive. He said his client, who earns RM1,500 as a salesman, was supporting his wife, a school-going child and a sickly mother. "My client has been cooperative throughout the investigation. He has also promised to attend all court proceedings," he said. The judge granted bail at RM100,000 with one surety and allowed the additional conditions. July 28 was set for document submission. In February this year, Gopinathan, a company director, claimed trial to one charge of cheating and seven counts of money laundering involving RM5.1 million in connection with the purported sale of non-existent nitrile examination gloves five years ago. The 60-year-old was granted a RM280,000 bail with two sureties.
