Plymouth Tube Co and Shadowbriar Capital Partners announce transaction

Plymouth Tube Co. completed the sale of its Winamac Carbon & Alloy Seamless Tube Mill to an affiliate of Shadowbriar Capital Partners last month. The Winamac mill is now operating as a stand-alone business named Crossroads Seamless USA.

After more than 60 years in Winamac, Plymouth Tube Co. recently announced that the company has made the decision to focus its energies and investments elsewhere. It was reported that Crossroads Seamless USA has acquired the lot and personal property on State Road 14 and will continue operations at the factory with financial backing from Shadowbriar Capital. 

The sale of the Winamac Plymouth Tube plant follows the company’s latest announced in July of the closure of its West Monroe, La. Plymouth Tube intends on the changes to further increase the differentiated value it brings to customers by focusing on its product leadership strategy targeting core aerospace, defense, medical tubing, nuclear tubing and fluid power markets.

“Plymouth is grateful to the Winamac employees who have delivered substantial value for customers and for Plymouth since 1962. We are excited for its future with Shadowbriar and eager to embark on Plymouth’s second century with a sharpened focus on extending our product leadership for highly demanding specialty markets,” said Paul Lemke, Plymouth Tube's board chair. 

Plymouth Tube Co. provided this aerial photo of the Winamac plant in 1961 when the building was first constructed. 

The Winamac site's cold draw, hot mill, and Quench and Temper line's hot finished, cold drawn and tube finishing capabilities will now be in the hands of Crossroads Seamless USA, a domestic producer of carbon and alloy seamless tubing with over six decades of operating history in the Midwestern United States through its predecessor entities. The company services a diverse North American customer base across end markets that include construction, drilling, utilities, military, oil, gas, and other industrial applications.

With 35 years of demonstrated leadership experience in the carbon and alloy steel tube industry, George Thompson has joined Crossroads Seamless USA as the company’s president.

“Crossroads Seamless USA brings an excellent array of hot finished, cold drawn, and tube finishing capabilities and a workforce that is truly exceptional,” Thompson said. "We are very excited to expand the company’s production volumes and processing capabilities to increase the value we bring to customers.”

“Crossroads Seamless USA intends to become a leading domestic producer of carbon steel seamless tubing from the company’s excellent manufacturing facility in Indiana. We are confident that George Thompson’s strong industry relationships and commercial background will drive significant growth in the years to come working collaboratively with the company’s outstanding workforce and leadership team.” said Matt Homme, managing partner of Shadowbriar Capital Partners. 

 For more information on Crossroads Seamless USA, visit www.Xseamless.com.