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Phillips Tube Group Announces Asset Purchase

Chelsea Arndt

July 12, 2017

Shelby, Ohio (July 12, 2017) – Phillips Tube Group, industry leaders in the manufacture of high quality, welded steel tubing, announced today that it has purchased the assets of Tubetech, Inc. based in East Palestine, OH.

The purchase of Tubetech, Inc. further increases Phillips Tube Group’s share in the welded steel tube market. “This acquisition of Tubetech, Inc.’s assets will further the product offering of the Phillips Tube Group and increase our capacity.” said Angela Phillips, President/CEO of Phillips Tube Group. “The acquisition is also expected to result in greater efficiencies and significantly increase our market share,” added Ms. Phillips. Tubetech, Inc. has been a long-term supplier of welded steel tube within the automotive, gas appliance, and lawn and garden industries. Tubetech, Inc.’s assets will be distributed amongst the Phillips Tube Group divisions.

Prior to this acquisition, Phillips Tube Group comprised of Shelby Welded Tube, Middletown Tube Works, Phillips Tube Group of Alabama, as well as ancillary Trucking and Equipment companies. PTG’s growth since 2009 has been exceptional, experiencing record production during years where most of the industry was declining. Phillips Tube Group is led by Angela Phillips, who took over as President and CEO after the passing of her father Ralph Phillips in 2009.

About Phillips Tube Group
The Phillips Tube Group (PTG) includes Shelby Welded Tube (Shelby, Ohio), Middletown Tube Works, Inc. (Middletown, Ohio), and Phillips Tube Group of Alabama (near Birmingham, Alabama), all high-quality steel tube manufacturers.  PTG was established in 1967 in Shelby, Ohio and has grown from a small machine shop to a well-respected Company with over 250 employees and over 600,000sf of manufacturing space. Phillips Tube Group, a certified WBENC woman-owned business, produces welded carbon and stainless steel tube for the automotive, HVAC, appliance, and mining industries.  Additional information about Phillips Tube Group is available at www.phillipstube.com.

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