Feb. 15, 2017
SB Specialty Metals Acquires Eagle Metals
SB Specialty Metals has closed on an asset purchase agreement with Eagle Metals Steel & Services, Elk Grove Village Ill. Additionally, SB Specialty Metals has hired the former Eagle Metals employees to ensure a smooth and seamless transition as it continues operations at the Elk Grove Village location.
Eagle Metals is a tool steel and alloy/carbon plate distributor and processor with cutting, grinding and plate burning capabilities. Combining this operation with SB Specialty Metals’ resources will strengthen both organizations and expand product and processing capabilities to SB’s customers, the company claims.
“The addition of extended value-added capabilities and new products will be paramount in our companies’ continued growth plan” says Peter Gordon, president of SB Specialty Metals. “We see this acquisition as a means to improve service levels in the upper Midwest, as well as introduce new products and capabilities to SB.”
SB Specialty Metals is a distributor of tool steel and high-speed steels in both conventional and powder forms with six warehouse locations across the U.S. The company was founded in 2010 with the asset purchase of Crucible Service Centers from the bankrupt Crucible Materials Corp.