Providence – September 28, 2026 -- Alloy Holdings, LLC has completed the acquisitions of privately held GSM Metals, Inc. and Cimini & Associates, Inc., adding precious-metal mill products and advanced electrical materials capacity to its Rhode Island-based manufacturing platform. The deals closed on September 25, 2026, according to the company.
Alloy Holdings adds two Rhode Island manufacturers to its metals and materials portfolio
GSM Metals, based in Cranston, will retain its name and operations, supplying precious-metal mill products for premium and luxury jewelry, commercial, and specialty-material applications. Cimini & Associates, based in Westerly, will operate as C&A Advanced Materials, manufacturing electrical materials and components for grid infrastructure, power generation, and distribution, including high-performance rod materials used in nuclear reactor technology globally.
New units join Lee's Manufacturing and Morvillo Precision Products under the holding company
GSM Metals joins existing Alloy Holdings subsidiaries Lee's Manufacturing and Morvillo Precision Products, expanding the company's precious-metal supply-chain capabilities. C&A Advanced Materials extends Alloy Holdings' reach into critical energy applications, positioning the combined group across jewelry, commercial, and nuclear power supply chains.
CEO Rich Powers cites expanded technical capabilities in jewelry and nuclear power markets
"GSM Metals expands our capabilities in precious metal mill products and strengthens our ability to support growth across the premium jewelry market. C&A Advanced Materials adds significant technical expertise in electrical materials and critical energy applications, including nuclear power," said Rich Powers, Chief Executive Officer of Alloy Holdings.
Both acquired businesses trace a 34-year history under prior ownership
Ashley Singh, President of GSM Metals, said Cimini & Associates and GSM Metals were built over 34 years and that Alloy Holdings was selected as the partner best positioned to provide resources and stability for continued growth of both organizations.
Both companies will continue serving existing customers from their current locations as wholly owned subsidiaries of Alloy Holdings, which employs approximately 450 people across its operating companies.