TMS International Acquires Stein (Stein, LLC / Stein Steel Mill Services, LLC)

Mill Steel Co. Acquires Maryland Metals Processing

November 4, 2024

Industrial Services

Mill Steel Co., a third-generation family-owned distributor of flat-rolled carbon steel, stainless steel and aluminum, has acquired Maryland Metals Processing (MMP), a Baltimore-based stainless and aluminum toll processor. Mill Steel said MMP will continue to operate independently with its name and associates while adding toll processing capacity and strengthening Mill Steel's national footprint and processing capabilities.

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.

Mill Steel Co. Acquires Cleveland Metal Exchange and Chicago Stainless Metal Exchange

January 17, 2023

Industrial Services

Mill Steel Co. has acquired Cleveland Metal Exchange (CME) and Chicago Stainless Metal Exchange to expand into the stainless steel and aluminum flat-rolled markets. The acquisitions bring CME's experienced team into Mill Steel and enable immediate supply and processing support for manufacturing, automotive, and construction customers across the U.S.; transaction financial terms were not disclosed.

Steele Solutions Inc. Acquires Tiffin Metal Products (Merger)

March 21, 2022

Manufacturing

Steele Solutions, Inc. and Tiffin Metal Products have merged to create a combined supply-chain solutions company offering a broader product portfolio for e-commerce fulfillment and distribution facilities. The deal brings together Steele's complex work platform solutions with Tiffin's custom chute systems and lockers, while both companies will continue operating in their existing facilities and leadership (TMP's president will remain).

Union Partners I LLC Acquires Xcel Steel Pickling, Inc. (Now Maksteel Processing)

October 22, 2018

Industrial Services

Union Partners I LLC acquired the assets of Xcel Steel Pickling, Inc., a Dearborn, Michigan-based steel pickling and coil processing operation. The business has been integrated into Union Partners-owned Maksteel and will operate as Maksteel Processing, strengthening the platform's steel-processing capabilities and rail-served footprint in automotive and industrial markets.

Union Partners Acquires Maksteel

April 17, 2018

Industrial Services

Chicago-based metals and logistics operator Union Partners has acquired Maksteel, a Mississauga, Ontario steel service center and toll processor. The deal expands Union Partners' North American footprint and adds substantial processing, inventory and dedicated transportation capabilities to serve customers across industries including automotive, construction and oil & gas.