On Nov. 15, the titanium producer with a global reach said it was acquiring the former industrial site for an undisclosed amount, which is just across the street from its Houston headquarters, with plans to turn the 35-acre production facility and administrative building into an advanced manufacturing site. Perryman also announced in late November the purchase of two additional furnaces for its California Technology Park melt shop that will double its melting capacity in anticipation of additional demand from its aerospace customers. At the time of the property purchase from Caterpillar, CEO Frank Perryman Jr. said he was continuing a vision of growth for his company, which also is a major supplier of titanium for the medical industry.
“The vision for Perryman to maintain sustainable growth has been in place since 2008,” he said. “At its core is the commitment to meeting the needs of our customers and to be ready to support them in advance of their requirements.” With the acquisition of the Caterpillar site, he said, “Perryman will be in position to support its current and future growth for the next 10 to 15 years.”