Alloy Holdings Announces Agreements to Acquire GSM Metals, Inc. and Cimini & Associates, Inc.

PROVIDENCE, Rhode Island, September 22,2026 — Alloy Holdings, LLC, a Rhode Island-based holding company focused onmetals, advanced materials, and precision manufacturing, announced today thatit has entered into definitive agreements to acquire privately held GSM Metals,Inc. and Cimini & Associates, Inc., located in Cranston and Westerly, RhodeIsland, respectively.

Upon closing, GSM Metals will continueoperating as GSM Metals, while Cimini & Associates will operate as C&AAdvanced Materials. Each business will become a wholly owned subsidiary ofAlloy Holdings, maintain operations at its current location, and continueserving its customers while pursuing opportunities for continued improvementand long-term growth.

GSM Metals

The acquisition of GSM Metals strengthensAlloy Holdings’ capabilities in precious metal mill products and expands itsreach in the premium and luxury jewelry market. Together with Lee’sManufacturing and Morvillo Precision Products, GSM Metals will broaden AlloyHoldings’ product offerings, strengthen supply-chain reliability, and create additionalopportunities to support customers across jewelry, commercial, andspecialty-material applications.

C&A Advanced Materials

C&A Advanced Materials strengthensAlloy Holdings’ industrial platform by adding capacity and technical expertisein advanced electrical materials and components serving grid infrastructure,power generation, and power distribution, including nuclear energyapplications. The business brings established capabilities in high-performancerod materials used in nuclear reactor technology worldwide, expanding AlloyHoldings’ participation in a specialized, mission-critical segment of theenergy market.

With a combined workforce of approximately450 employees, Alloy Holdings represents a scaled and differentiated platform within the North American metals and manufacturing sector. Through itsoperating companies, Alloy Holdings combines expertise in precious metals, advanced materials, electrical products, and precision manufacturing with along-term commitment to its customers, employees, and the communities in which it operates.

“These acquisitions represent an important step in the continued development of Alloy Holdings,” said Rich Powers, Chief Executive Officer of Alloy Holdings.

“GSM Metals expands our capabilities inprecious metal mill products and strengthens our ability to support growthacross the premium jewelry market. C&A Advanced Materials adds significanttechnical expertise in electrical materials and critical energy applications,including nuclear power. Together, these businesses broaden our capabilitieswhile reinforcing our commitment to technical excellence, dependable customerpartnerships, and the skilled people who make these companies successful.”

Ashley Singh, President of GSM Metals,said:

“Cimini & Associates and GSM Metalsbegan 34 years ago with a family dream of finding a better way and were builtthrough hard work, sacrifice, integrity, and an unwavering commitment to ourpeople and customers. Together, we created far more than two businesses. Webuilt a legacy shaped by extraordinary employees, trusted relationships, and awillingness to solve the difficult problems others might walk away from.”

“As we considered the future of thesecompanies, we understood the responsibility that came with choosing who wouldcarry that legacy forward. Alloy Holdings is the right partner to honor whathas been built while providing the resources, vision, and stability to positionboth organizations for continued growth.”

“We enter this next chapter with tremendouspride in where we have been, confidence in where we are going, and deepgratitude to every employee, customer, supplier, and partner who helped makethese companies what they are today,” Singh added.

Both acquisitions are subject to customaryclosing conditions. Alloy Holdings will provide additional updates followingthe closing of the transactions.

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About Alloy Holdings

Alloy Holdings, LLC is a Providence, Rhode Island-based holding company focused on metals, advanced materials, and precision component manufacturing. Through its operating companies, Alloy Holdings servesa diverse range of end markets with high-quality manufacturing, materials expertise, and a long-term commitment to customers, employees, and the communities in which it operates.

With a combined workforce of approximately 450 employees, Alloy Holdings represents a scaled and differentiated platform within the North American metals and manufacturing sector.

About Alloy Holdings’ Commercial Products Platform

Alloy Holdings’ Commercial ProductsPlatform brings together Lee’s Manufacturing, Morvillo Precision Products, and GSM Metals, combining expertise in precious metal alloys, mill products, precision components, and value-added manufacturing for jewelry, commercial, and specialty-material applications.

The platform serves customers through deep materials knowledge, high-quality manufacturing, and long-standing relationships. GSM Metals expands Alloy Holdings’ capabilities in precious-metals mill products and broadens the platform’s reach in the premium and luxury jewelry market, while strengthening product offerings and supply-chain reliability across the group.

About Alloy Holdings’ Industrial Products Platform

Alloy Holdings’ Industrial ProductsPlatform brings together Checon, Morvillo Precision Products, and C&A Advanced Materials, combining expertise in electrical contacts and contact materials, conductive and advanced materials, precision components, and engineered assemblies.

The platform serves leading manufacturers across industrial controls, power generation and distribution, grid infrastructure, automotive, aerospace, electric-vehicle power systems, and other mission-critical applications. Across its businesses, Alloy Holdings combines materials expertise, precision manufacturing, and practical engineering with a strong focus on product performance, supply continuity, and resilient customer partnerships.

No matter the source or distribution method, ourmaterials and components are there — controlling, protecting, and deliveringpower.

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