Item 2. Properties
Item 2. Properties
The Company operates the major plants and facilities listed below, all of which are in adequate condition for their current usage and are able to accommodate our capacity needs for the immediate future. Substantially all of the value of the Company's leased plants and facilities relate to the Master Lease with Store Master Funding XII, LLC (“Store”), an affiliate of Store Capital Corporation ("Store Capital") that was entered into in 2016 and amended in 2019 and 2020; see Note 7 to the consolidated financial statements included in Item 8 of this Form 10-K for additional information on the Company's leases.
The following table sets forth certain information concerning our principal properties including which segment's products are supported out of each location:
Segment
Location Principal Operations
Square
Feet Land
Acres Leased or Owned Metals Specialty Chemicals
Munhall, PA Manufacturing stainless steel pipe
284,000 20.0 Leased ✔
Bristol, TN Manufacturing stainless steel pipe
275,000 73.1 Leased ✔
Cleveland, TN Chemical manufacturing and warehousing 143,000 18.8 Leased ✔
Fountain Inn, SC Chemical manufacturing and warehousing 136,834 16.9 Leased ✔
Danville, VA Chemical manufacturing and warehousing 135,811 55.3 Owned ✔
Andrews, TX Liquid storage solutions and separation equipment 122,662 19.6 Leased ✔
Troutman, NC Manufacturing ornamental stainless steel tube 106,657 26.5 Leased ✔
Statesville, NC Manufacturing ornamental stainless steel tube 83,000 26.8 Leased ✔
Houston, TX Cutting facility and storage yard for heavy walled pipe 29,821 10.0 Leased ✔
Mineral Ridge, OH Cutting facility and storage yard for heavy walled pipe 12,000 12.0 Leased ✔
Mineral Ridge, OH Storage yard for heavy walled pipe — 4.6 Leased ✔
In addition to the facilities listed above, the Company leases from third parties the Company's executive office located in Richmond, Virginia and office space in Oak Brook, Illinois.
Item 3. Legal Proceedings
For a discussion of legal proceedings, see Note 15 to the Consolidated Financial Statements included in Item 8 of this Form 10-K.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.