DMC Global Announces Departure of NobelClad President John Scheatzle
April 15 2020 - 4:15PM
DMC Global Inc. (Nasdaq: BOOM) today announced John Scheatzle has
resigned as president of NobelClad, DMC’s composite metals
business. Scheatzle joined NobelClad in November
2016.
DMC CEO Kevin Longe said, “I want to thank John
for his leadership during the past three years, and wish him
success as he pursues a new career opportunity.”
Longe added, “The NobelClad business is very
well positioned for the future. Its talented leadership team has
established an efficient global operating structure and a
compelling growth strategy. In addition, its commercial team has
been pursuing a range of new-business opportunities that are
materializing. First quarter 2020 bookings of $29 million
were the second strongest in the past five years, and order backlog
at the end of the quarter was $41 million, up from $32 million at
the end of the prior quarter.”
About DMCDMC Global is a
diversified holding company. Our innovative businesses
provide differentiated products and services to niche industrial
and commercial markets around the world. DMC’s objective is to
identify well-run businesses and strong management teams and
support them with long-term capital and strategic, legal,
technology and operating resources. Our approach helps our
portfolio companies grow core businesses, launch new initiatives,
upgrade technologies and systems to support their long-term
strategy, and make acquisitions that improve their competitive
positions and expand their markets. DMC’s culture is to
foster local innovation versus centralized control, and stand
behind our businesses in ways that truly add value. Today, DMC’s
portfolio consists of DynaEnergetics and NobelClad, which
collectively address the energy, industrial processing and
transportation markets. Based in Broomfield, Colorado, DMC
trades on Nasdaq under the symbol “BOOM.” For more information,
visit the Company’s website at: http://www.dmcglobal.com.
CONTACT:Geoff HighVice
President of Investor Relations303-604-3924
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