Friedman Industries traces its roots back to an El Dorado, Arkansas steel
business begun by the late Mendel Friedman in 1939. Out of Mendel’s business,
three family owned corporations formed in 1956. In 1965, Friedman Industries was
incorporated in Texas by consolidating the three family owned corporations.
Mendel’s two sons, Harold Friedman and the late Jack Friedman, played pivotal
roles in managing Friedman Industries and establishing the company as a
respected name in the steel industry. Jack retired in 2005 after holding the
titles of Chief Executive Officer and Chairman of the Board. Harold retired in
2010 after holding various executive positions, including President, Chief
Operating Officer, and Chairman of the Board. Under Jack and Harold’s
management, Friedman Industries went public in 1972 and is currently traded on
the NYSE MKT under the stock symbol “FRD”.
The Company operates two business segments, coil and tubular.
Friedman Industries’ coil business segment engages in the processing and
distribution of hot-rolled steel coils at its locations in Hickman, Arkansas and
Decatur, Alabama. The Company’s XSCP division markets excess prime and secondary
hot-rolled steel coils.
The tubular business segment of Friedman Industries operates under the division,
Texas Tubular Products (TTP). TTP is located in Lone Star, Texas and engages in
the manufacturing, processing, and distribution of steel pipe.