Latest Acquisition Enables Mill Steel to Increase Steel Distribution Throughout the Midwest and Mid-South United States
As Many as 20 Jobs to be Created at Anderson, Indiana Location
GRAND RAPIDS, Mich. – Mill Steel Co., 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 SS Steel Services, Inc. (SS), an Indianapolis/Anderson based supplier of carbon flat-rolled steel services serving a broad array of manufacturing customers in the Midwest, Mid-South and Mid-Atlantic United States. Terms of the deal, which closed on January 11, 2016, 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. Mill Steel expects to create as many as 20 sales and production jobs at its approximate 215,000-square-foot Anderson, Indiana processing facility. Furthermore, in the coming months, Mill Steel plans to increase the existing production and distribution capability with the installation of additional processing equipment.
The strategic acquisition will support Mill Steel's growing automotive, construction, home appliance, agriculture, and HVAC business in the southeastern United States and Mexico.
Mill Steel Chairman and CEO, David S. Samrick said the acquisition is a mutually beneficial transaction for Mill Steel and SS' employees, suppliers, and customers.
About Mill Steel Co.
Founded in 1959, Mill Steel Co. is one of North America's premier flat-rolled steel suppliers. Serving some of the world's most demanding industries; the business has grown over the past 55 years.
Headquartered in Grand Rapids, MI, Mill Steel operates five service center locations including Grand Rapids and Melvindale (Detroit), MI, Jeffersonville, IN, Birmingham, AL, and now Anderson, IN. Mill Steel continues to grow by sticking to its founding principles: Reliability. Accountability. And doing what they say they will, and then some.
We've organized our company around those values, investing in new technologies and markets along the way. For more information about Mill Steel Co., visit www.millsteel.com.
CONTACT: Eric Lambert, CFO/COO, Mill Steel Co., (616) 977-9030