and Willie were married in April 1956 in Bay City, Michigan.
Margaret Willie Leone (Cunningham), was the wife of John A. Leone
our President and CEO and the love of his life.
John Leone, Chairman and CEO of Bonney Forge Corporation, stated "The completion of this acquisition marks an exciting new chapter for Bonney Forge.
University Park, Pa. - John
and Willie Leone have committed to endow the Department of Energy
and Mineral Engineering in Penn State's College of Earth
and Mineral Sciences with a leadership gift of $5 million.
"John and Willie have been extremely generous to the College of Earth and Mineral Sciences, and this gift is yet another example of their commitment to Penn State, EMS and our students," said Bill Easterling, dean of the college.
John Leone is president and chief executive officer of Bonney Forge, with manufacturing operations in Mount Union, Pa.; Houston, Texas; Shanghai, China; and Bergamo, Italy.
Forge, founded in 1876, is an industry leader in marketing and manufacturing forged steel fittings and unions, branch connections, forged steel valves, cast steel valves and specialty engineered products for the energy industries.
"We are pleased to make this commitment, which provides a foundation for a program in the college, integrating engineering and business disciplines," said John Leone
"I'm confident that graduates of this program will possess distinctive skills that will benefit their careers, industry and the University."
John Leone graduated in 1956 from Penn State's petroleum and natural gas engineering program and earned an MBA from Northern Illinois University in 1976.
He is a life member of the American Society of Mechanical Engineers and a Pipe Valves and Fittings Industry Hall of Fame honoree.
At Penn State, he was named an Earth and Mineral Sciences Centennial Fellow in 1996, a recipient of the C. Drew Stahl Distinguished Achievement Award in Petroleum and Natural Gas Engineering in 2006, and a Penn State Alumni Fellow in 2008.
John Leone, president and CEO announced that Bonney will expand the forge shop and office building.
The forge shop will expand by approximately 12,000 square feet.
Some of this space will be used to house two new mechanical presses in order to "improve productivity and expand the product line and increase forge capacity".
Also planned is an addition to the corporate headquarters in Mount Union, PA which is projected to be completed in late 2009.
went on to state that this growth is in keeping with Bonney Forge's history of commitments to it's markets through cost effective investments.