Georgian American Alloys, Inc. announced Monday that it has acquired the membership interests of CC Metals & Alloys (CCMA) from affiliated Optima Group LLC in exchange for shares of GAA. CCMA now joins Felman Production, LLC and Felman Trading, Inc. as subsidiaries of GAA. CCMA is a producer and supplier of high-grade ferrosilicon alloys for use in the steel, foundry and welding rod industries and Felman Trading, Inc. is a ferroalloys trading company.
"This transaction places the affiliated companies of CCMA, Felman Production and Felman Trading under one US company, Georgian American Alloys, which will further leverage Georgian American Alloys' buying power, offer customers a wider selection of products, and strengthen both manufacturers with key synergies," said Motti Korf, Chief Executive Officer of both CCMA and GAA.