BOULDER, CO--(Marketwire - Jan 8, 2013) - Dynamic Materials Corporation (DMC) (NASDAQ: BOOM) today announced Ian Grieves has been appointed to the newly created position of senior vice president and general manager at DYNAenergetics, the Company's oilfield products segment.
Grieves, 44, joins the Company with more than 20 years of diverse operational, engineering, finance and management experience with multiple international industrial businesses. He previously spent seven years with Lydall, Inc., where he most recently was senior vice president of the company's $130 million Performance Materials division. Grieves was responsible for a wide range of commercial and engineering activities, including research and development, product management, marketing and sales to a diverse spectrum of industrial end markets.
While at Lydall, Grieves marshaled a number of strategic initiatives, including the launch of a major product offering, the successful restructuring of a business unit and the integration of a strategic acquisition.
He also spent 13 years with AAF International, one of the leading providers of advanced air filtration systems. Grieves ascended through the company's European business to ultimately become vice president and general manager of AAF Europe. He was responsible for three divisions and multiple operating sites across Europe, the Middle East and China.
Kevin Longe, DMC's CEO designate, said, "Ian brings a wealth of highly applicable financial, commercial and general management experience to DYNAenergetics. He is a proven leader who will help us leverage the strength of our rich product offering and the talent of our sales, production and technical teams. He also will be focused on driving improved operational efficiencies and cash flow performance."
DMC's DYNAenergetics segment generated approximately $58 million in revenue during the first nine months of 2012, or roughly 40% of consolidated sales.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation serves a global network of customers in the energy, industrials and infrastructure markets through two core business segments -- Nobelclad and DYNAenergetics -- as well as a specialized industrial service provider, AMK Welding. The Nobelclad segment is the world's largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. DYNAenergetics is an international manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. AMK Welding utilizes various specialized technologies to weld components for use in power-generation turbines, and commercial and military jet engines. For more information, visit the Company's websites at http://www.dynamicmaterials.com and http://www.dynaenergetics.com.
CONTACT:Pfeiffer High Investor Relations, Inc.
Geoff High
303-393-7044
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