Handy & Harman Ltd. (HNH) is a diversified industrial company that operates through its subsidiaries, which include businesses in the precious metals, tubing, building materials, and welding markets. The company was founded in 1867 and is headquartered in White Plains, New York.
Handy & Harman's precious metals segment includes businesses involved in refining and recycling precious metals, as well as manufacturing products made from precious metals. The company's tubing segment includes businesses involved in the production of welded and seamless tubes for various industries, including automotive and aerospace. The building materials segment includes businesses involved in the production of metal roofing and siding products. The welding segment includes businesses involved in the production of welding equipment and consumables.
Handy & Harman has a history of acquiring and integrating businesses in its core markets. In recent years, the company has focused on expanding its presence in the precious metals market through a series of acquisitions. The company has also invested in new technologies to improve its manufacturing processes and expand its product offerings.
Investors in Handy & Harman should be aware of the risks associated with investing in the industrial sector. The performance of the company's businesses is subject to a range of market and operational risks, and the success of the company's acquisitions and new product offerings is not guaranteed.
In conclusion, Handy & Harman is a diversified industrial company that operates through its subsidiaries in the precious metals, tubing, building materials, and welding markets. The company has a history of acquiring and integrating businesses in its core markets and has invested in new technologies to improve its manufacturing processes and expand its product offerings. Investors in the industrial sector should be aware of the risks associated with investing in this sector and the importance of closely monitoring a company's operational and market performance.
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