Drexel Metals Appoints Bob Franco CEO and Rob Waite Vice Chairman

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Drexel Metals Inc. is pleased to announce Bob Franco as the Company’s new CEO, effective immediately. Rob Waite, Drexel Metal’s current CEO, will assume the role of Vice Chairman of the Board of Directors.

Drexel Metals Inc. is pleased to announce Bob Franco as the Company’s new CEO, effective immediately. Rob Waite, Drexel Metal’s current CEO, will assume the role of Vice Chairman of the Board of Directors. Mr. Franco will also join the Company’s Board.

Mr. Franco brings over 35 years of roofing and distribution experience to Drexel Metals. Most recently, he served as the President of Associated Materials Inc. (AMI) Distribution, a division of AMI, where he played an integral role in establishing AMI as one of the premier building manufacturers and distributors in the U.S. Prior to his role at AMI, Mr. Franco had a distinguished sales and marketing career at Owens Corning.

“Bob has a proven track record of scaling building material businesses and driving strong growth,” said Mr. Waite. “With the Arborview Capital investment and acquisition of Met-Fab in 2011, as well as the addition of our new processing center in Louisville, KY earlier this year, the Company has built a strong foundation for significant future growth. On behalf of the Board of Directors, we are excited to have an executive of Bob’s caliber and welcome him to the Drexel Metals team.”

“Drexel Metals is a leading provider of standing seam metal roofing systems with a proven record of providing exceptional service to its partners. The Company’s DM-ARM (Drexel Metals Association of Regional Manufacturers) program allows contractors and distributors to achieve higher profit margins while providing a superior quality, energy efficient, and warranty protected Drexel Metals-branded metal roofing system. With the DM-ARM program in place, I believe we can build Drexel Metals into an industry leader”, said Mr. Franco.

“I look forward to working with the entire Drexel Metals management team, including President Brian Partyka, who has played an integral role in the Company’s growth over the last 10 years. The strategy and tools are there for us to further enhance and develop the DM-ARM program, to offer customers a complete-suite of metal roofing products and accessories, and to tailor specific programs to the preferences of our commercial and residential clients,” added Mr. Franco.

About Drexel Metals Inc.
Drexel Metals Inc., based in Louisville, KY, is a leading provider of the equipment, materials, engineering and warranties required for the production of standing seam metal roofing systems. Through its Met-Fab product line, the company also supplies a full-suite of trim and accessories to go along with any metal roof installation. Drexel Metal’s integrated roofing system enables contractors and distributors to market a proven and branded standing seam metal roof system. Drexel Metals is a portfolio company of Arborview Capital, a Chevy Chase, MD-based private investment firm. For more information about Drexel Metals, please visit http://www.drexelmetals.com.

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