News

Jamestown, Tennessee - Micro Metals Inc, a leading manufacturer of powder metal parts for the automotive and general manufacturing industries, is excited to announce the hiring of its new CEO - Steve Krise. Under Steve’s leadership and with the support of the full Micro Metals team, the company will continue its proud legacy of serving its customers with excellence while also building capacity to grow and serve new customers and industries in the years ahead.

Growing up in Saint Marys, Pennsylvania, the birthplace of powder metallurgy, Steve has been around powder metal parts since the very beginning. He brings over 30 years of industry experience to his role as CEO, having touched all aspects of the powder metal business, especially engineering and plant management. In the last 13 years, Steve spearheaded growth for Miba, an Austrian powder metallurgy company, growing sales thirty-fold to 60 million.

Steve is a leader in its truest sense, focusing on people first. “I always try to engage every person, to really connect with each one. That’s my secret to success. My vision is to create a culture that makes everyone feel like they can make a difference, no matter what position they’re in.”

Chris Wright, President of evergreen investment firm Alderman Enterprises, which acquired Micro Metals in October 2021, said: “We were obviously impressed by Steve’s great accomplishments and background in the powder metal space. But what excites us most is his focus on empowering people and doing things the right way. We believe his approach will yield not only a bright financial future for the company but a healthy and sustainable culture for years to come.”

Steve commented, “I’m excited and grateful to be here. We’re going to improve and grow the plant, investing in assets and technologies to enhance our competitiveness in an ever-evolving industry. Most importantly, we’re going to invest in our people, who are proud of the history of Micro Metals and passionate about its future success.”

Chattanooga, Tennessee, October 21, 2021 - Alderman Enterprises, a Chattanooga-based evergreen investment firm, announces the acquisition of its fifth portfolio company, Micro Metals, Inc. Located in Jamestown, Tennessee, Micro Metals is a leading manufacturer of powder metal parts serving the automotive and general manufacturing industries.

Founded in 1976, Micro Metals has grown to nearly 100 employees and has built a reputation for producing the highest quality powder metal parts, a unique and economical process for creating high-volume, lightweight, and durable components for broad applications.

Ben Brown, Founder and Partner of Alderman Enterprises, said, "Micro Metals represents exactly what we look for in an Alderman business - a successful, well-run operation backed by a strong leadership team and talented employee base. The company has specialized equipment and know-how to deliver world class products to its long-established customer base. And, importantly, Micro Metals is a respected and engaged participant in the Jamestown community.”

Scott Edwards, CEO of Micro Metals, commented, “I feel very blessed to have entered into this agreement with Alderman Enterprises. Not only will their purchase of the Edwards’ family business allow me to focus on other interests, more importantly, it will assure the continued growth and prosperity of Micro Metals for our customers, our employees, and the local community.”

Edwards continued, “I’m more than confident the firm will maintain its preeminent position in the Powder Metal industry while continuing to be a valuable asset to Fentress County. Alderman’s leadership combined with Micro’s current, talented staff is a definite recipe for success.”

Brown added, "We're grateful to Scott Edwards for entrusting us with the Micro Metals legacy of business excellence and community engagement. We’re excited to expand upon this legacy to realize new levels of success for the company and its employees, customers, and community.”

ABOUT ALDERMAN: Alderman Enterprises (aldermanenterprises.com) invests in niche, successful companies facing an ownership transition. Alderman holds its investments for the long term, focuses on building exceptional teams, and takes a hands-on approach to growing companies. Geographically, Alderman focuses on companies in the Southeast region.

ABOUT MMI: Jamestown, Tennessee, is the home of world-class powder metal parts manufacturer Micro Metals (powdermetalparts.net). Established in 1976 by Carl R. Edwards, a 50-year veteran of the powder metallurgy industry, Micro Metals has continually grown over the past 35 years and now occupies a 65,000-square-foot plant. Centrally located between Nashville and Knoxville, Micro Metals is near major transportation networks and within 24-hour delivery of 75 percent of the United States powder metallurgy market as well as global customers.

JAMESTOWN — Micro Metals Inc., a powder metallurgy industry leader based in Jamestown, Tenn., announces the successful launch of its new and greatly improved website.

"This is a long-awaited event," said Micro Metals CEO Scott Edwards. "We have wanted to update the site for some time."

In addition to comprehensive information about who they are and what they do, Micro Metals' new site contains a section where prospective clients can view case studies of parts Micro Metals has made; videos of their blending, compacting, sintering, deburring, heat treating, machining and inspection processes; press releases and announcements; and a section where clients with projects under way may log in and access information about that project's status.

"The process began when we sat down with Edwards and sales manager Ken Porter, and they told us about their vision for the site," said Roman Stone, president of WDStone & Associates, whose company designed the new website.

"They wanted it to be heavily focused on their innovative process and the intricate, highly engineered parts they create. It was our job to take that vision and rejuvenate the Micro Metals brand. We wanted to create a site that takes viewers into the powder metal process but also offers a closer look into this strong company and its history."

Said Porter, "We believe the new site fully captures our engineering and manufacturing expertise in an engaging and user-friendly way. I encourage everyone to visit the site and give us your feedback."

Micro Metals supplies medium- to high-volume iron- and copper-based conventional structural powder metal parts to the global market. Established in 1976 by Carl R. Edwards, a 50-year veteran of the powder metallurgy industry, Micro Metals has continually grown over the past 35 years. The company currently occupies a 65,000 square-foot plant.

Micro Metals' focus is on providing value to customers and vendors by meeting or exceeding expectations through development of long-term relationships based on honesty, innovative problem solving, promises kept, personal touch and flexibility where varying needs are concerned. For more information about Micro Metals, visit them online at www.PowderMetalParts.net, or call (931) 879-9946.