LEXINGTON, Mass.--(BUSINESS WIRE)--The Watermill Group, a strategy-driven private investment firm, has brought in an executive from Alcoa to nurture growth for two closely related metals manufacturing companies in Watermill’s portfolio: Fine Tubes Ltd. in the U.K. and Superior Tube Company in the United States. Brian J. Malloy will serve as Senior Vice President and Chief Strategy Officer for both Fine Tubes and Superior Tube. Malloy will accelerate global expansion focusing on attractive verticals along with acquisition and integration opportunities.
Since acquiring Fine Tubes and Superior Tube in 2012, Watermill increased capital investment, helping both companies align operations and drive cycle time reductions to improve overall customer experience levels. So far, this operational focus has yielded a 60% reduction in lead times for key products and created capacity for expansion.
“Brian’s track record and vision for growth rounds out the Office of the Chairman, which oversees both companies,” said Steven E. Karol, Founding and Managing Partner at the Watermill Group. “Brian’s leadership accelerates our strategy and is an exciting and logical step to catalyze the next phase of global expansion.”
Mr. Malloy brings a distinct combination of strategy, marketing, sales, application engineering and business leadership with more than 20 years of experience in the metals manufacturing industry. Mr. Malloy holds five patents, earned his MBA from the Mason School of Business at William and Mary and received his bachelor's degree from the Charles E. Via School of Civil and Environmental Engineering at Virginia Tech.
Mr. Malloy recently served as Global Vice President of commercial operations and strategy within Alcoa’s Power and Propulsion and Forged Products businesses. He headed up a disciplined corporate-wide growth initiative that encompassed the launch of new cross-business market sectors that are now core for Alcoa. Previously, he led increasingly complex market and technical operations that focused on monetizing products and increasing overall enterprise value.
“I’m thrilled to join a proven team that truly embraces what it takes to grow,” added Malloy. “Both Fine and Superior have demonstrated the ability to defy heavy economic currents. Both have distinctive offerings with deep customer relationships in growing aerospace, oil and gas and power generation segments, and I feel privileged to help lead the expansion.”
About The Watermill Group
The Watermill Group is a strategy-driven private investment firm that revitalizes companies to reach their full potential. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses at a crossroads and applies a unique combination of strategic insight and management expertise to re-imagine their future and drive growth. The firm has extensive metals industry expertise as the previous owners of Latrobe Specialty Metals Company, Sheffield Steel Corporation and Vertex Fasteners, among others. Watermill Group’s portfolio includes C&M Corporation, Fine Tubes, FutureMark Paper Group, MultiLayer Coating Technologies, Superior Tube Company and Tenere.
