NewsArticles
Minimize


April 30, 2014
 
Steel Technologies Acquires Stripco

Steel Technologies LLC, Louisville, Ky., has agreed to purchase Stripco, a steel processor in Mishawaka, Ind., in a deal expected to close in late May.

Formed in 1984, Stripco has consistently expanded its value-added processes, including pickling, slitting, cold rolling, annealing, oscillating and edging. Stripco was the first service center in the U.S. to install the Eco Pickling System from The Material Works, Red Bud, Ill., EPS is an environmentally friendly acidless pickling process that produces a clean, consistent surface. Stripco processes and ships more than 100,000 tons annually, with annual revenue exceeding $100 million.

"Stripco has an excellent customer-oriented reputation and proud history of innovation," says Mike Carroll, president and CEO of Steel Technologies. "They have continued to make strategic investments geared toward providing outstanding products and services to their customers."

"Stripco's goal has always been to increase value to customers by building lasting relationships and maintaining proper stewardship. We believe our acquisition by Steel Technologies will bring even more value to all of our partners," says Jack Hiler, CEO and owner of Stripco.

Steel Technologies, a 50-50 joint venture between Nucor Corp., and Mitsui & Co. USA, was the eighth largest service center company in the Metal Center News Top 50, with 2012 revenues of $2.0 billion. The Stripco acquisition expands the company’s North American platform to 25 facilities, including joint-venture operations located throughout the U.S., Canada and Mexico.

From the Editor's Desk
Minimize
October 2014: It's Your Job to Help Fill the Skills Gap
More...
 
Pause
Business Practices and Technologies
Minimize
October 2014: Mixed Outlook for Global Metals Prices
More...
The Cutting Edge, a service center technology supplement to Metal Center News
More...
Summer 2014
More...
 
Pause
New Products
Minimize
Trumpf Expands Range on TruMark 5000 Series
More...
Koike Aronson Debuts New Plasma Cutter
More...
Miyachi Unitek's Sigma XY
More...
New TMC is Messer's Largest Cutting Machine
More...
Laserdyne 795 XLZ Designed for 3D Parts
More...
Mazak's STX Champion Cuts Thick Sheets
More...
 
Pause
Directories
Minimize
Metal Center News 2014 Directories: Print or Digital copies are available for $85 U.S. for each copy.
 

 
2014 Metal Distribution Directory  
(Not Published on This Web site)
Metal Center News' Spring Metal Distribution Directory is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.  



 
2014 Directory of Master Distributors
(Not Published on This Web site)
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.



 
2014 Directory of Toll Processors
(Not Published on This Web site)
Metal Center News' annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Friday, November 21, 2014