About: Cyclops Steel

Property	Value
dbo:abstract	Cyclops Steel (also known as Universal-Cyclops and for one of its main subsidiaries as Detroit Steel) was a steel company based in Pittsburgh, Pennsylvania. It was founded in nearby Bridgeville, Pennsylvania in 1908 as Universal Rolling Mill Company, and merged with Cyclops Steel Company founded in 1884 of the Western Pennsylvania city of Titusville in 1936. Cyclops Steel marketed to industries such as aerospace, automotive, business machines, chemical processing, communications equipment, construction, electronics, farm machinery, food processing equipment, home appliances and cutlery, industrial machinery, marine equipment, medical equipment, drilling and mining equipment, military equipment, power generation equipment, rail transportation, sports equipment and tools, ties and fixtures. Not to be confused with Cyclops Steel Works in Sheffield, UK in the mid 1800s. Led by Chairman and CEO William H. Knoell, Cyclops pursued a counter-cyclical strategy which helped it to diversify from steel. As a result, Cyclops purchased the Clairton, Pennsylvania based 16-chain Busy Beaver lumber stores in 1972, and the Silo Electronic Stores in 1980 for $35 million ($131 million in today's terms). Cyclops and Colt's Manufacturing Company entered into a very public battle for a Colt steel mill in Midland, Pennsylvania during 1982. In August, 1986 Cyclops shareholders rejected selling off its core steel mill business in favor of a management suggested re-focusing only on Silo & Busy Beaver retail stores. In February 1987, Cyclops Steel was bought out by Alleghany Corporation for $494 million ($1.22 billion in today's terms), as its 119-store Silo electronics outlets and 11-store Busy Beaver retailers are spun off into British based Dixons Group Ltd. (en)
dbo:fate	Acquired byAlleghany Corporation, Silo and Busy Beaver subsidiaries sold toDixons Group Ltd. (en)
dbo:foundingYear	1908-01-01 (xsd:gYear)
dbo:wikiPageExternalLink	https://www.dinmetalspinning.com/
dbo:wikiPageID	42050534 (xsd:integer)
dbo:wikiPageLength	5886 (xsd:nonNegativeInteger)
dbo:wikiPageRevisionID	1068179794 (xsd:integer)
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dbp:fate	Acquired by Alleghany Corporation, Silo and Busy Beaver subsidiaries sold to Dixons Group Ltd. (en)
dbp:founded	in Bridgeville, Pennsylvania (en)
dbp:keyPeople	William H. Knoell (en)
dbp:locationCity	dbr:Pittsburgh,_Pennsylvania
dbp:locationCountry	United States (en)
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dcterms:subject	dbc:Bridge_companies dbc:Steel_companies_of_the_United_States dbc:Construction_and_civil_engineering_companies_established_in_1908 dbc:1908_establishments_in_Pennsylvania dbc:American_companies_established_in_1908 dbc:Defunct_companies_based_in_Pennsylvania dbc:Manufacturing_companies_based_in_Pittsburgh dbc:Rolling_mills dbc:Historic_American_Engineering_Record_in_Pennsylvania
gold:hypernym	dbr:Company
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rdfs:comment	Cyclops Steel (also known as Universal-Cyclops and for one of its main subsidiaries as Detroit Steel) was a steel company based in Pittsburgh, Pennsylvania. It was founded in nearby Bridgeville, Pennsylvania in 1908 as Universal Rolling Mill Company, and merged with Cyclops Steel Company founded in 1884 of the Western Pennsylvania city of Titusville in 1936. Cyclops Steel marketed to industries such as aerospace, automotive, business machines, chemical processing, communications equipment, construction, electronics, farm machinery, food processing equipment, home appliances and cutlery, industrial machinery, marine equipment, medical equipment, drilling and mining equipment, military equipment, power generation equipment, rail transportation, sports equipment and tools, ties and fixtures. (en)
rdfs:label	Cyclops Steel (en)
owl:sameAs	freebase:Cyclops Steel yago-res:Cyclops Steel wikidata:Cyclops Steel https://global.dbpedia.org/id/c7Xa
prov:wasDerivedFrom	wikipedia-en:Cyclops_Steel?oldid=1068179794&ns=0
foaf:isPrimaryTopicOf	wikipedia-en:Cyclops_Steel
is dbo:wikiPageDisambiguates of	dbr:Cyclops_(disambiguation)
is dbo:wikiPageWikiLink of	dbr:Cyclops_(disambiguation) dbr:Economy_of_Pittsburgh dbr:Silo_(store)
is foaf:primaryTopic of	wikipedia-en:Cyclops_Steel