Russel Metals Acquires Seven U.S. Service Centers from Kloeckner

Russel Metals Acquires Tampa Bay Steel

December 4, 2024

Industrial Services

Russel Metals Inc. has closed its acquisition of Tampa Bay Steel, adding the Tampa-based steel distributor and processor to its Southern U.S. businesses. The purchase expands Russel Metals' regional presence and processing capabilities as it pursues growth in the southern U.S. market.

Kloeckner Metals Acquires Industrial Manufacturing Services

November 2, 2023

Manufacturing

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation (KMC), has acquired Industrial Manufacturing Services (IMS), a Lancaster, South Carolina-based metal fabricator. IMS, which operates a single facility with about 100 employees and annual sales around USD 30 million, will expand KMC’s fabrication, welding and just-in-time warehousing capabilities across North America; financial terms were not disclosed.

Alro Steel Acquires Klein Steel Service

May 27, 2022

Industrial Services

Alro Steel has acquired Klein Steel Service, a Rochester-based metals supplier and processing center that operates six facilities in western and central New York. The acquisition expands Alro's Northeast footprint and adds Klein Steel's inventory, value-added processing and component manufacturing capabilities to Alro's distribution network. Heritage Capital Group served as exclusive financial advisor to Klein Steel; terms were not disclosed.

Kreher Steel Co. Acquires Ritchey Metals Company

September 26, 2024

Manufacturing

Chicago-based Kreher Steel Co. has acquired Ritchey Metals Company, a Pittsburgh-area producer of zinc and aluminum alloys and the largest zinc-aluminum steel coatings alloyer in North America. The deal adds more than 120,000 tons of annual alloy output capacity and approximately 110 employees across two facilities, expanding Kreher's manufacturing footprint and product offerings.

Klöckner & Co SE Acquires National Material of Mexico

August 1, 2023

Industrial Services

Klöckner & Co SE, via its U.S. subsidiary Kloeckner Metals Corporation (KMC), completed the acquisition of National Material of Mexico (NMM), a leading independent steel service center and materials supplier with ten facilities across Mexico. The acquisition expands KMC's footprint in Mexico and strengthens its presence in automotive and industrial end markets; as a combined company the group operates 56 sites with around 2,600 employees. NMM's experienced management team will remain and the business will be integrated stepwise under the Kloeckner Metals brand.

SunSource (Clayton, Dubilier & Rice) Acquires K+S Services

July 30, 2021

Industrial Services

SunSource, a portfolio company of private equity firm Clayton, Dubilier & Rice (CD&R), has acquired K+S Services, Inc., a Southgate, Michigan–based provider of industrial repair and service solutions. The acquisition adds K+S’s repair, robotics, automation, electronics and inspection capabilities and 14 operating facilities (and ~270 employees) to SunSource’s service & repair and industrial solutions platform as an add-on acquisition.