4130 Sheet - Only US mill bankrupt!

[donshoebridge]

All,

I made the initial purchase of material from Aircraft Spruce this afternoon for my Hornet. I have all of my 4130 tube on the way. Now here's the kicker...

I was informed that the only mill in the US that produces 4130 sheet stock (.125 thick and less) has gone out of business and that current supplies are drying up fast! Has anyone else heard this?

If I can't find any 4130 sheet stock, then I'm going to have to either 1) substitute material, 2) redesign the Hornet, or 3) build a swing set with all of the tube I just bought today and forget about gyros altogether!

All input welcome

Don

[donshoebridge]

http://www.emergers.com/ExcSale.12/current_category.0/exclusive_sales_detail.html

Leading Independent Specialty Steel Conversion Mill

The company is the largest independent steel conversion mill in the U.S. serving its markets, and has over a 60-year heritage in the industry. The company specializes in re-rolling, annealing, slitting, cutting and polishing stainless steel into customized finished thin-gauge coil, strip and sheet products. For the year ended October 31, 2000, the company shipped 54 million pounds of stainless steel, generating $89.7 million in revenue and $11.5 million of EBITDA. Over the last ten years the company has averaged $11 million of EBITDA, and generated average EBITDA margins of 15%. However, due to difficult market conditions, the company expects to experience an EBITDA loss in the current fiscal year and has recently filed for Chapter 11 bankruptcy protection. The company has arranged debtor-in-possession financing and is now seeking to consummate a prompt sale of its business and assets.

The company produces strip and sheet products from a wide gauge and width range of materials according to customer requirements including exact thickness, width, length and finish specifications. Customers recognize the company for its commitment to high quality products and its ability to deliver such products with very short lead times compared to other suppliers.

The company’s wholly owned, 250,000 square foot facility is ISO-9002 certified and has state-of-the-art testing equipment. Its Western U.S. location provides the company several competitive advantages over its competitors. The company's production capabilities, reputation for high quality service and fast turnaround times have allowed it to compete successfully and build strong relationships with both end user and service center customers.

The company's products are used by the automotive, aerospace, construction, electronic, medical devices, appliance and other industries. Products are sold through an in-house sales force located in four regional sales offices with sales strength in every region of the U.S. The company currently has 161 non-union employees and a very strong management team with long tenure at the company.

[draztek]

Don,

What would be the alternitive to 4130? and let me guess...it would probly add weight to the frame !

Tim

Future Hornet Builder

All,

I made the initial purchase of material from Aircraft Spruce this afternoon for my Hornet. I have all of my 4130 tube on the way. Now here's the kicker...

I was informed that the only mill in the US that produces 4130 sheet stock (.125 thick and less) has gone out of business and that current supplies are drying up fast! Has anyone else heard this?

If I can't find any 4130 sheet stock, then I'm going to have to either 1) substitute material, 2) redesign the Hornet, or 3) build a swing set with all of the tube I just bought today and forget about gyros altogether!

All input welcome

Don

[Victor Duarte]

Hi Don,
you have a subsitute to 4130 that is the european 25CD4S, in fact, i noticed that there are some similar steels whose names depend on the origin country .

[Jerseywing]

What is EBITDA?

[Jazzenjohn]

Earnings Before Interest Taxes Depreciation and Amortization

[Red Sky]

Don,
Did you ever find an alternative supplier for the 4130?