PTC ALLIANCE AND FAIRBURY, IL UNION AGREE TO NEW LABOR AGREEMENT

Fairbury, IL – June 14, 2019 – Union employees at PTC Alliance’s Fairbury, Illinois plant have approved a new 4-year labor contract. The agreement was ratified on June 12, more than two (2) weeks prior to the expiration of the current agreement and among other things, provided for the largest general hourly wage increase in more than 10 years at the facility.

“We are grateful to the members of the Union bargaining committee for their efforts during negotiations that helped both parties to achieve this mutually beneficial agreement weeks before the current contract expired”, said Brian Drennan, Vice President of Operations. “We are pleased a contract was reached that works for the Company and our union members. This is an example of labor and management working together in a positive way to move the Fairbury facility forward into the future”, continued Drennan.

Cary Hart, CEO and President of PTC Alliance, said “The team in Fairbury have a long history of collaboration and excellent customer service. This new labor contract allows PTC Alliance to continue to build on that great history.”

The Fairbury, Illinois plant employs about 80 workers who are represented by the Chemical and Production Workers Union.

PTC Alliance is a leading manufacturer and marketer of welded and cold drawn mechanical steel tubing. The Company’s major customers include steel service centers, automotive and truck manufacturers, construction and agricultural equipment OEMs. The Company’s other plants are in Darlington, PA; Fairbury, IL; Richmond, IN; Chicago Heights, IL; Hannibal, MO; and Beaver Falls, PA.