BOULDER — Industrial manufacturer Dynamic Materials Corp. has rebranded and changed the company’s official name to DMC Global Inc.
A company official for the Boulder-based publicly traded company could not be reached for comment on the name change Thursday.
According to filings with the Securities and Exchange Commission, shareholders approved the name change at a Nov. 4 meeting. The company continues to trade on the Nasdaq stock exchange under the BOOM ticker symbol.
DMC Global operates two main business segments. Its NobelClad business makes explosion-welded clad metal plates used in the manufacture of equipment for various industries. DMC’s DynaEnergetics segment, meanwhile, makes explosive components and systems used to perforate oil and gas wells.
In a Sept. 23 SEC filing explaining their rationale for the name change, DMC officials said, “We are proposing the name DMC Global Inc., as we are no longer a materials company as implied in Dynamic Materials Corporation. Rather, we are the parent company to a diversified portfolio of technical product and process businesses serving niche markets around the world.”
DMC employed 424 people at the end of 2015, including 195 in the United States.