Nov. 13, 2013
 
Flack Merges with GlobeNet Metals

Flack Steel has agreed to merge with GlobeNet Metals to create a $200 million steel service business to serve the global steel market. Flack Steel’s headquarters will remain in Cleveland, and it will retain GlobeNet’s Scottsdale, Ariz., office.

Flack Steel, founded in Cleveland in 2010 by Jeremy Flack, distributes hot-rolled, cold-rolled, galvanized and painted sheet products. The company also provides proprietary derivatives solutions for customers throughout North America. GlobeNet Metals, founded 13 years ago by Ben Bucci, provides similar steel products to its industrial manufacturing customers.

"This combination allows us to accomplish several strategic objectives simultaneously, including expanding our geographic reach, diversifying our customer base and broadening our avenues for supply," says Flack. "With the addition of Ben and his talented team, we are a significantly larger and stronger partner for customers and vendors with tremendous long-term growth potential—both organically and through additional transactions."

"We are thrilled to be a part of Flack Steel, which I have long considered an industry innovator," says Bucci. "The combined strengths of these businesses will allow us to accelerate our respective growth agendas in ways we could not have done separately. Flack's superb derivatives tools will allow us to provide a whole new level of service to our customers."
 

July 2016: The Final Bell for Retiring Hannah
More...
 
Pause
July 2016: How Will Steel Evolve in the Future?
More...
Fall 2015: Cutting & Sawing Equipment
More...
Summer 2016
More...
 
Pause
DoALL Launches Four New Saw Lines
More...
Behringer Expands Band Saw Line
More...
HYDMECH Saw Cuts Banded Material
More...
KASTO Pairs Band Saw with Moveable Table
More...
Marvel 600A-PC3 Designed for Bundle Cutting
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Tuesday, August 30, 2016