Bushwick Metals Acquires Tarco Steel
560 N. Washington Ave.
Bridgeport, CT, 06606
Press release date: September 4, 2012
Bushwick Metals LLC has announced the acquisition of Tarco Steel, Inc. and Metal Fab LLC, a steel service center and fabrication shop located in Binghamton, New York, effective September 4. The companies will now be known as Tarco Steel, a Division of Bushwick Metals LLC.
The Tarco Steel service center was founded in 1970 and serves the energy, manufacturing, steel fabrication, construction and maintenance industries in Central New York and Northeast Pennsylvania. Main product offerings include carbon and stainless steel, steel long products, sheet, plate, and fabricated and straight rebar.
Tarco Steel and Metal Fab also provide a wide variety of value added services for their customers, including cutting, machining and light fabrication. Their facility includes 1,200 square feet of office space, two warehouse buildings with a total of 47,000 square feet and five overhead cranes, and 50,000 square feet of outdoor storage. The companies serve the Binghamton area and employ about 35 people.
"Expanding into Central New York will accelerate Bushwick Metals' growth in this region through increased service and more robust inventory levels," says Stewart Lichtman, Bushwick Metals commercial vice president. Lichtman will oversee the Tarco Steel operation; former owner Janet Beal will serve as the branch manager.
"This acquisition also allows us to offer additional value added services and rebar fabrication to our customers in other geographic regions," Lichtman notes. Plans include installing additional processing equipment to increase Tarco Steel's capacity and service its growing industrial base.
"I am excited to be joining the Bushwick Metals family," says Beal. "Our combination will allow both Bushwick and Tarco to better service customers, and we look forward to a prosperous future together."
About Bushwick Metals LLC
Bushwick Metals LLC, based in Bridgeport, Conn., is a distributor of carbon steel, hi-strength-low alloy steel, stainless steel and specialty products. Bushwick Metals is an affiliate of Marmon/Keystone LLC of Butler, Pennsylvania, a distributor of steel and aluminum tubular products. Both companies are Marmon Distribution Services/Berkshire Hathaway companies and members of The Marmon Group, an international association of approximately 150 business units that operate independently within diverse business sectors.