July 9, 2014
Steel Tech, Diez Group Form Venture
The Diez Group and Steel Technologies have formed a joint venture operating as Delaco Kasle Processing Indiana to sell and process aluminum and steel coils and blanks for the automotive, appliance and agricultural industries.
The joint venture also announced a 106,000-square-foot expansion to its facility in Jeffersonville, Ind., to increase blanking capacity and expand capabilities to include scalloped/wave, configured, rectangular, and trapezoid blanking of both aluminum and steel. When complete, the 226,000-square-foot facility will be a premier, high-quality processor of exposed and unexposed aluminum and steel blanks, the companies claim.
"We are extremely pleased to expand our partnership with The Diez Group," says Michael J. Carroll, CEO and president of Steel Technologies, Louisville, Ky. "Combining our strengths in this venture creates a unique opportunity to bring more value to our customers."
"This joint venture with Steel Technologies brings together their expertise along with ours to open new markets in the South and Midwest," adds Gerald Diez Jr., president of The Diez Group.