---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-010468"
form_type: "8-K"
ticker: "FRD"
cik: "0000039092"
company_name: "FRIEDMAN INDUSTRIES INC"
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:14:37.447478+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Friedman Industries acquires Plateplus assets for ~$63.8M cash + shares; expands ABL facility to $150M

## Summary
- Acquired East Chicago, IN and Granite City, IL facilities plus inventory/customer relationships from Loudon, TN and Houston, TX for $63.8M cash and 516,041 shares of FRD common stock.
- Acquisition closed April 30, 2022; expected to more than double coil product segment volume (acquired facilities sold 163K tons vs Friedman's 152K tons in trailing 12 months).
- Financed via expansion of JPMorgan ABL facility from $75M to $150M; post-closing borrowed balance was $72.5M.
- Shares issued to Plateplus (516,041) subject to six-month lock-up; Metal One Corporation becomes significant shareholder.
- Transaction expected to be immediately accretive to operating results; operations integrated into Friedman's coil product segment.

## SEC filing metadata
- accession: 0001437749-22-010468
- form_type: 8-K
- ticker: FRD
- cik: 0000039092
- company_name: FRIEDMAN INDUSTRIES INC
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39092/000143774922010468/0001437749-22-010468-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39092/000143774922010468/frd20220502_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-010468
- JSON: https://secwatch.observer/filing/0001437749-22-010468.json
- Plain text: https://secwatch.observer/filing/0001437749-22-010468.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.