“In an industry exclusive to “The Monty Heat Treat News” we have this press release from EQI, a provider of line-ready solutions for metal products making a second acquisition in the North American heat treatment industry.

EQI Well Positioned to Serve Thermal Processing Industry with Acquisition of Ferralloy, Inc. 

Spring Lake, MI 4/25/25 – EQI, a leading provider of line-ready solutions for metal products, has finalized its acquisition of Ferralloy, Inc., a global supplier of heat-resistant alloy products that also offers a comprehensive range of products and services that support heat treatment operations.

Established in 1984, Ferralloy, Inc., is based in Cleveland, Ohio. When the company was founded, it focused on heat-resistant alloy castings and fabrications used primarily in the thermal processing industry. Ferralloy, Inc., has experienced substantial growth in the years since, expanding its thermal processing offering to include investment-cast heat-treating baskets in various alloy grades, radiant tubes and furnace rolls tailored for high-temperature applications, and aluminizing, a diffusion coating process that enhances oxidation and corrosion resistance of components exposed to high temperatures.

Ferralloy, Inc., serves multiple end markets, including metal processing (heat treatment, fabrication shops, machine shops), automotive, aerospace, mining, and heavy equipment. Through commitment to process improvement, quality, and customer satisfaction, along with ISO 9001 certification, Ferralloy, Inc., has established a world-class customer base, including Caterpillar, Ford, Owens Corning, Mack, Whirlpool, and more. The company has also cultivated valuable supply relationships in China, India, and the US, enhancing the EQI global network.

“We are excited to add Ferralloy, Inc., to the EQI team,” says Blake Phillips, President and CEO of EQI.”

“Their expertise and capabilities in thermal processing and their focus on quality will drive innovation at EQI and better equip us to deliver exceptional value to our customers.”

Under the terms of the acquisition, Ferralloy, Inc., will operate as a division of EQI, enhancing its ability to deliver the highest level of quality and service to its customers. EQI and Ferralloy, Inc., ensure a seamless transition for both teams and their valued customers through collaboration and a shared commitment to excellence. 

About EQI, Ltd: With an unmatched range of expertise and production capabilities, EQI is a leading provider of line-ready metal components that streamline and de-risk the supply chain for industrial equipment manufacturers. The company’s one-of-a-kind foundry network delivers high-quality metal castings, forgings, and fabrications on time and on budget. With a team of experts and locations in the U.S., Canada, China, India, Europe, and Vietnam, EQI’s tailored solutions mitigate risk and contain costs for manufacturers worldwide.

About Ferralloy, Inc.: Ferralloy, Inc. is an international company serving a global marketplace by offering competitively priced, engineered products produced in North America and Asia. Established in 1984 in Cleveland, Ohio, Ferralloy, Inc., provides total supply chain management to a diverse metalworking customer base. 

For more information about Ferralloy, Inc., please visit: https://ferralloy.com/

For additional details on how EQI’s new capabilities can assist you, please contact: Phone: (616) 850-2630, E-mail: [email protected]

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