Business Wire

Braidy Industries Completes $75 Million Issue of Common Stock and Closes Acquisition of High-Technology Metals Company Veloxint

Braidy Industries, headquartered in Ashland, Kentucky, raised $75 million dollars in a common stock issuance at $10 per share

Veloxint, with its proprietary ultra-high-strength powder metallurgy technology, was acquired in a stock exchange for 100% of its outstanding equity, making Veloxint a wholly-owned subsidiary of Braidy Industries

Veloxint manufacturing will be co-located at the Braidy Industries EastPark site in Ashland, Kentucky

ASHLAND, Ky.–(BUSINESS WIRE)–Less than one year after their announcement of plans to construct a $1.5 billion greenfield aluminum mill in Greenup County, Kentucky, Braidy Industries announces its successful completion of a $75 million Series B common stock issuance at $10 per share. Following the close of this financing, Braidy Industries finalized its acquisition of 100% of the outstanding equity of MIT-incubated ultra-high strength alloy and powder metallurgy provider, Veloxint.

“We are excited to officially bring Veloxint into the Braidy Industries family. This will enable the next step in fulfilling our original vision of transforming the metals industry using Veloxint’s proprietary materials design toolset to offer high-performance, cost-effective next-generation metal products.”

Craig T. Bouchard, Braidy Industries Chairman and CEO, said, “The close of our Veloxint acquisition places Braidy Industries in position to meet the demands and challenges of a transportation industry in need of cost-effective light-weighting. In the very near term, Veloxint will become the ‘lighter and stronger’ standard for transportation, mining, tools and consumer goods. This is a terrific win for Kentucky, and consistent with the goal of converting the Northeast corner of our beautiful state into the global intersection of science and advanced manufacturing.”

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Kentucky Today

Lawmaker: Braidy Industries ‘Game-changer’ for Northeastern Kentucky

By MARK MAYNARD, Kentucky Today

ASHLAND, Ky. (KT) – House Democratic Floor Leader Rocky Adkins said even when northeastern Kentucky was experiencing frustrating economic years, lawmakers on both the state and local levels never stopped laying groundwork for the future.

EastPark Industrial Park was built near Interstate 64 along with a $50 million community technical college. Some critics, Adkins said, questioned the wisdom of the investment.

“Now,” he said, “EastPark’s dreams are coming true.”

Braidy Industries, which plans to build a $1.3 billion aluminum rolling mill that’s scheduled to be up and running in 2020, was the final piece of the puzzle.

The groundwork that had been laid in decades past is what made the region attractive to  Braidy Industries Chairman and Chief Executive Officer Craig Bouchard to make a long-term investment. Braidy’s corporate headquarters are in downtown Ashland, and Bouchard says that’s where they are staying.

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Kentucky Today

CEO of Braidy Industries: ‘We’re Going to Succeed’

By MARK MAYNARD, Kentucky Today

ASHLAND, Ky. (KT) – Craig Bouchard has only to look outside the window of his downtown office in this northeastern Kentucky city for motivation.

Ashland is a shell of what it used to be. But if Bouchard has his way, that will change.

Bouchard, chairman and CEO of Braidy Industries, is leading an ambitious initiative to build a $1.3 billion state-of-the-art aluminum rolling mill in an area that hasn’t had positive economic news in almost 30 years. In less than two months, Braidy plans to break ground on a greenfield rolling mill that is named after one of Bouchard’s six children.

For people in the northeastern Kentucky area, news of hundreds of high-paying jobs has restored hope.

“We chose here because of these families,” Bouchard said. “We’re taking on that job and I think we’re going to succeed. These people have been pushed around long enough. I feel the weight of these 10,000 families on my shoulders every day. This crowd in Ashland, they’ll do it.”

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Top 10 Local Stories of 2017

By Glenn Puit & Mike James The Daily Independent

It’s official — 2017 is in the books as of midnight tonight.

Looking back on the year it was most certainly a 12 months packed with interesting, intriguing and important local news. There were a bevy of new jobs created in the Tri-State. There were concerns about public safety documented at the Boyd County Detention Center. There were plans formulated and put into place to revive the city of Ashland’s downtown. And, there was the solidification of obstacles we as a region have yet to completely overcome. Today, then, is a day of reflection. It is a day to contemplate all that has come before us in the last 365 days for the purpose of gaining knowledge and learning. It is an endeavor of both contemplation and observation — an undertaking aimed at preparing us for the future to come.

With this in mind The Daily Independent brings you the Top 10 local stories of 2017.

#1 Braidy Industries

There is no doubt as to what the biggest story of 2017 is. It is simply put, the arrival of Braidy Industries.

On a beautiful April afternoon in Wurtland Gov. Matt Bevin called together a who’s who of economic development and community leaders to make the big announcement. Braidy Industries Chief Executive Officer Craig Bouchard, Bevin and others detailed for the anticipatory crowd on hand an ambitious plan by Braidy to construct a 2.5-million-square-foot facility atop 380 acres of riverfront property…

 

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Business World A-List Together as Shareholders in Braidy Industries

By MARK MAYNARD, Kentucky Today

ASHLAND, Ky. (KT) – Heavy hitters in the business world have joined together as shareholders in Braidy Industries, the firm that’s building a $1.3 billion aluminum rolling mill in northeastern Kentucky.

The list includes entrepreneurs, industrialists, investors, a former member of the U.S. Joint Chiefs of Staff, a world-renowned Harvard University economist, as well as current and former researchers at the Massachusetts Institute of Technology.

Braidy Industries Chairman and CEO Craig T. Bouchard released the names of the eight shareholders on Monday in a news release about a new scholarship fund they have created for local high school students. Bouchard said in the new release that each of the shareholders “takes responsibility to the community seriously” and will work to make eastern Kentucky “the crown jewel of the commonwealth.”

The planned aluminum mill came as welcome news last April to local residents…

 

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89.3, WFPL

Will Kentucky-Backed Aluminum Plant Flourish? Analyst Says ‘Not Unreasonable’

By Ryland Barton

Politics

The CEO of an aluminum mill slated to open in eastern Kentucky claims the company will be able to sell aluminum for 50 percent cheaper than its competitors, allowing it to pay workers $65,000-per-year starting salaries.

This spring, Braidy is scheduled to break ground on the $1.3 billion plant, which will be located in an industrial park that straddles Greenup, Boyd and Carter Counties.

Braidy CEO Craig Bouchard said the company would open the facility in 2020 and employ 600 workers from the region. Future employees can qualify by getting a Braidy-tailored aluminum rolling associate’s degree from Ashland Community and Technical College…

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Kentucky Today

Braidy Industries Chairman Reveals Stockholders with Kentucky Ties

By MARK MAYNARD, Kentucky Today

ASHLAND, Ky. (KT) – The chairman of Braidy Industries, the aluminum rolling mill coming to northeastern Kentucky, revealed the identities of shareholders with Kentucky connections in an opinion piece Sunday morning on Kentucky Today.

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Portsmouth Metro Magazine

Milling Hope

Braidy Industries $1.3 billion Aluminum plant will Bring 600+ Jobs to Region

Portsmouth Metro Magazine, by Carrie Stambaugh

The excitement in the room was palpable during the cocktail hour of the Portsmouth Chamber of Commerce’s 2017 Annual Dinner held at Shawnee State University July 25. Craig T. Bouchard, Chairman and CEO of newly formed Braidy Industries, was the slated keynote speaker and everyone present was anxious to catch their first glimpse of the charismatic entrepreneur, who has promised to transform the region “for generations to come” with the country’s first new aluminum mill in nearly four decades.

 

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Gov. Bevin: Braidy Industries to Create 550 Jobs with $1.3 Billion Aluminum Rolling Mill in Eastern Kentucky

Kentucky State SealCommonwealth of Kentucky
Governor’s Office

FOR IMMEDIATE RELEASE

Contact:
Jack Mazurak
502.782.1965

Woody Maglinger
502.564.2611

Startup producer for aerospace and automotive industries to spearhead regional revitalization

WURTLAND, Ky. (April 26, 2017) – Gov. Matt Bevin and executives from Braidy Industries Inc. today announced the company will build a $1.3 billion aluminum mill and create 550 advanced manufacturing jobs in Greenup County to produce sheet and plate for the automotive and aerospace industries.

The announcement marks a turning point in bringing economic vitality to Eastern Kentucky, and comes just two days after the 53rd anniversary of President Lyndon B. Johnson’s 1964 declaration of the “War on Poverty” in Appalachia.

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Braidy Industries Inc. to Spend $1.3 billion to Build the Highest Quality, Lowest Cost Auto Body Sheet and Aerospace Plate Aluminum Rolling Mill in the United States

CONTACT
Jaunique Sealey
(606) 575-3121
jsealey@braidyindustries.com

Robert Cavosi
(646) 638-9891
rcavosi@rooneyco.com

FOR IMMEDIATE RELEASE

Eastern Kentucky’s South Shore chosen over 24 proposed sites in two states

1000 construction jobs, 550 permanent highly skilled jobs and another 1000 supporting services jobs to the Appalachian area

Wurtland, KY – April 26, 2017 — The transformation in material sciences and advanced manufacturing was evidenced today during a joint announcement by Kentucky Governor Matt Bevin and Craig Bouchard, Chairman and CEO of Braidy Industries, Inc. (“Braidy”).  The Governor and Mr. Bouchard announced that Braidy, in partnership with the State of Kentucky and the Ashland Alliance, will construct the nation’s first Greenfield aluminum rolling mill in over three decades.

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