- people on the move
Steel supplier makes acquisition
A local steel supplier is expanding its Midwest footprint via acquisition.
Mill Steel Co. in Grand Rapids said today that it has acquired “certain assets” from Indiana-based S&S Steel Services, a supplier of carbon flat-rolled steel services.
Terms of the deal were not disclosed.
The acquisition allows Mill Steel to increase its steel distribution throughout the Midwest and mid-South and will support the company’s growing automotive, construction, home appliance, agriculture and HVAC business in the southeast U.S. and Mexico.
Mill Steel expects to create up to 20 sales and production jobs at S&S Steel’s 215,000-square-foot processing facility in Anderson, Ind.
Mill Steel will continue S&S' steel slitting and cut-to-length processing operations and retain certain members of S&S Steel’s leadership and commercial teams.
In the coming months, Mill Steel plans to increase production and distribution capabilities at the site by installing additional processing equipment.
Mill Steel Chairman and CEO David Samrick said the acquisition is mutually beneficial for the employees, suppliers and customers of both companies.
Founded in 1959, Mill Steel is one of the top flat-rolled steel suppliers in North America.
The Anderson facility will become Mill Steel’s fifth service center location, along with its service centers in Grand Rapids, Melvindale, Jeffersonville, Ind. and Birmingham, Ala.
The deal allows S&S Steel Services, which was founded in 1986 and had been staring down the possibility of closure, to retain the jobs of more than 100 employees, according to an article by The Herald Bulletin in Anderson.
S&S' Anderson location, just north of Indianapolis and situated near Interstate 69, is a prime spot for distribution.