DMC Global Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
Corporate Headquarters
Our corporate headquarters currently are located in Broomfield, Colorado. The office is also used for NobelClad’s U.S. administrative offices.
| Location | Property Type | Property Size | Owned/Leased | Expiration Date of Lease(if applicable) |
|---|---|---|---|---|
| Broomfield, Colorado | Corporate and Sales Office | 18,284 sq. ft. | Leased | September 30, 2029, with renewal option for 60 months |
Arcadia Products owns a manufacturing site and sales office in Vernon, California and leases other manufacturing and distribution centers throughout the United States. The table below summarizes Arcadia Products' material properties, including their location, type, size, whether owned or leased and expiration terms, if applicable.
| Location | Property Type | Property Size | Owned/Leased | Expiration Date of Lease(if applicable) |
|---|---|---|---|---|
| Vernon, California | Corporate office, metal shop building, warehouse | 26,500 sq. ft. | Owned | |
| Land for office, paint shop, anodizing line | 0.8 acre | Owned | ||
| Land for office, paint shop, anodizing line | 2.24 acres | Leased | May 31, 2046 | |
| Vernon, California | Land for parking | 39,545 sq. ft. | Leased | March 31, 2027 |
| Vernon, California(1) | Office, paint shop | 112,000 sq. ft. | Leased | December 22, 2026, with renewal option for 60 months |
| Vernon, California(1) | Office, warehouse | 110,677 sq. ft. | Leased | December 22, 2026, with renewal option for 60 months |
| Hayward, California(1) | Distribution, light assembly | 45,624 sq. ft. | Leased | December 22, 2024, with renewal option for 36 months |
| West Sacramento, California(1) | Distribution, light assembly | 16,000 sq. ft. | Leased | December 22, 2024, with renewal option for 36 months |
| Stamford, Connecticut(1) | Office, warehouse | 39,418 sq. ft. | Leased | December 22, 2025 |
| Phoenix, Arizona(1) | Office, warehouse | 51,986 sq. ft. | Leased | December 22, 2026, with renewal option for 24 months |
| Las Vegas, Nevada(1) | Office, warehouse | 88,915 sq. ft. | Leased | December 22, 2026, with renewal option for 24 months |
| Tucson, Arizona(1) | Office, paint shop, warehouse | 106,507 sq. ft. | Leased | December 22, 2026, with renewal option for 60 months |
| Waipahu, Hawaii | Distribution, light assembly | Building: 12,746 sq. ft.Land: 21,872 sq. ft. | Leased | May 31, 2028 |
| South Gate, California | Office, manufacturing | 45,700 sq. ft. | Leased | December 31, 2027 |
| South Gate, California | Office, manufacturing, storage | Building: 25,000 sq. ft.Land: 45,000 sq. ft. | Leased | April 30, 2027 |
| Houston, Texas | Office, warehouse | 43,412 sq. ft. | Leased | November 30, 2028, with renewal option for 60 months |
| Dallas, Texas | Office, warehouse | 86,731 sq. ft. | Leased | November 30, 2025, with renewal option for 60 months |
| Kent, Washington | Distribution, light assembly | 25,000 sq. ft. | Leased | May 31, 2029 |
(1) These leases are with entities affiliated with the holder of the redeemable noncontrolling interest and the former president of Arcadia Products. During the year-ended December 31, 2023, DMC recorded $4,625 in lease expense related to these properties.
DynaEnergetics leases a manufacturing site and sales office in Troisdorf, Germany. The leases for these properties expire on December 31, 2025, and we are negotiating future renewal options. In the U.S., DynaEnergetics owns manufacturing and assembly sites in Texas and leases storage bunkers and office and warehouse space in various cities throughout Texas. DynaEnergetics also leases office and warehouse space and bunkers for storage of its explosives in Alberta, Canada.
The table below summarizes DynaEnergetics' material properties, including their location, type, size, whether owned or leased and expiration terms, if applicable.
| Location | Property Type | Property Size | Owned/Leased | Expiration Date of Lease(if applicable) |
|---|---|---|---|---|
| Troisdorf, Germany | Manufacturing and administration office | Manufacturing: 263,201 sq. ft.Office: 2,033 sq. ft. | Leased | December 31, 2025 |
| Troisdorf, Germany | Office | 9,203 sq. ft. | Leased | December 31, 2025 |
| Liebenscheid, Germany | Manufacturing and office | 5,511 sq. ft. | Owned | |
| Liebenscheid, Germany | Land | 77,672 sq. ft. | Owned | |
| Houston, Texas | Office | 11,370 sq. ft. | Leased | November 30, 2026 |
| Blum, Texas | Office, warehouse, and manufacturing | 83,000 sq. ft. | Owned | |
| Blum, Texas(a) | Warehouse | 10,000 sq. ft. | Owned | |
| Blum, Texas | Land for office, warehouse, and manufacturing | 284 acres | Owned | |
| Midland, Texas | Land | 13.3 acres | Leased | April 1, 2029 |
| Whitney, Texas | Office, warehouse, and manufacturing | 36,000 sq. ft. | Owned | |
| Alberta, Canada | Office and warehouse | 7,650 sq. ft. | Leased | August 31, 2025 |
(a)The Blum, Texas warehouse is separate from the main Blum manufacturing campus.
NobelClad owns its principal domestic manufacturing site, which is located in Mount Braddock, Pennsylvania. We currently lease our primary domestic shooting site, which is located in Dunbar, Pennsylvania, and we also have license and risk allocation agreements relating to the use of a secondary shooting site, Coolspring, that is located within a few miles of the Mount Braddock facility. The shooting site in Dunbar and the nearby secondary shooting site support our Mount Braddock facility. The lease for the Dunbar property will expire on December 15, 2025, but we have options to renew the lease which would then extend through December 15, 2029. The license and risk allocation agreements will expire on March 31, 2028.
NobelClad owns a manufacturing site in Liebenscheid, Germany as well as a mine used as a shooting site in Dillenburg, Germany. We purchased the buildings and land around the Dillenburg mine in 2022. NobelClad leases the building housing its sales and administrative office in Perpignan, France.
The table below summarizes NobelClad's material properties, including their location, type, size, whether owned or leased and expiration terms, if applicable.
| Location | Property Type | Property Size | Owned/Leased | Expiration Date of Lease(if applicable) |
|---|---|---|---|---|
| Mt. Braddock, Pennsylvania | Clad plate manufacturing and administration office | Land: 14 acresBuildings: 101,300 sq. ft. | Owned | |
| Dunbar, Pennsylvania | Clad plate shooting site | Land: 322 acresBuildings:15,960 sq. ft. | Leased | December 15, 2025, with renewal options through December 15, 2029 |
| Cool Spring, Pennsylvania | Clad plate shooting site | 1,200,000 sq. ft. | Leased | March 31, 2028, with renewal options through March 31, 2033 |
| Canonsburg, Pennsylvania | Manufacturing | 16,000 sq. ft | Leased | November 30, 2024, with renewal options for two additional 12-month periods |
| Tautavel, France(a) | Clad shooting site | 116 acres | Owned | |
| Perpignan, France | Administration and sales office | 3,671 sq. ft | Leased | September 30, 2029, with renewal options for additional three-year periods. |
| Burbach-Würgendorf, Germany | Storage | 224 sq. meters | Leased | December 31, 2050 |
| Dillenburg, Germany | Clad plate shooting site | Land: 18.9 acresBuildings: 46,285 sq. ft. | Owned | |
| Liebenscheid, Germany | Manufacturing | Land: 10.47 acresBuildings: 125,394 sq. ft. | Owned |
(a) Though NobelClad is no longer performing manufacturing activities in France, it owns this land in order to have access to a redundant shooting site.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.