Mill Steel Acquires S&S Steel Services
This deal grows their presence in automotive, construction, home appliance, agriculture, and HVAC business in the southeastern U.S. and Mexico.
Posted: January 14, 2016
Mill Steel Company (Grand Rapids, MI), one of the nation’s largest distributors of flat-rolled carbon steel, has expanded its product breadth and geographic presence with the acquisition of certain assets of S&S Steel Services, Inc. (S&S; Anderson IN), a supplier of carbon flat-rolled steel services serving a broad array of manufacturing customers in the Midwest, Mid-South and Mid-Atlantic U.S. The terms of the deal, which closed on January 11, were not disclosed.
Mill Steel will continue steel slitting and cut-to-length processing operations and certain members of the company’s leadership and commercial teams will remain in place. The company expects to create as many as 20 sales and production jobs at its approximate 215,000 sq ft Anderson processing facility. In the coming months, they plan to increase the existing production and distribution capability with the installation of additional processing equipment.
The strategic acquisition will support their growing automotive, construction, home appliance, agriculture, and HVAC business in the southeastern U.S. and Mexico. David S. Samrick, the chairman and chief executive officer of Mill Steel, said the acquisition is a mutually beneficial transaction for the employees, suppliers, and customers of both companies.
www.millsteel.com, www.sssteelservices.com
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