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Sept. 5, 2012
Bushwick Acquires New York Service Center, Fab Shop
Bushwick Metals, Bridgeport, Conn., has acquired service center Tarco Steel Inc. and fabrication shop Metal Fab LLC, both located in Binghamton, N.Y. The companies will be known as Tarco Steel, a division of Bushwick Metals LLC.
Tarco Steel 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.
"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.
Tarco Steel and Metal Fab also provide a wide variety of value-added services for their customers, including cutting, machining and light fabrication. The facility includes 1,200 square feet of office space, two warehouse buildings with a total of 47,000 square feet and five overhead cranes, plus 50,000 square feet of outdoor storage. The companies serve the Binghamton area and employ about 35 people.
"This acquisition also allows us to offer additional value-added services and rebar fabrication to our customers in other geographic regions," Lichtman says. Plans include installing additional processing equipment to increase Tarco Steel's capacity and service its growing industrial base.
Bushwick Metals is a distributor of carbon steel, high-strength low-alloy steel, stainless steel, and specialty products. Bushwick Metals is an affiliate of Marmon/Keystone.
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