Turret Acquires Wilcox
Turret Steel Industries Inc., Imperial, Pa., has acquired the assets of Wilcox Steel, Green Bay, Wis.
Wilcox Steel was founded in 1936 as Fort Howard Steel. In 2005, Nucor Steel purchased the Oak Creek Division of Fort Howard Steel, selling the Green Bay division to an investment group that renamed it Wilcox Steel.
The Green Bay facility consists of a modern 63,000-square-foot manufacturing facility built in 1990 with the capability to service a niche market that requires custom-engineered cold-finished bar products from 0.187-inch to 1-inch diameter in rounds, squares and hexes.
“This is an excellent opportunity and fit for Turret Steel Industries and our customers. Wilcox Steel got stung by the economic problems outside their control over the past few years, but their long history of producing quality cold-finished bars, their exceptionally experienced and dedicated workforce, combined with modern equipment, will provide the foundation for continued success and growth in the cold-finished steel bar markets," says Wayne Gould, president and CEO of Turret Steel Industries.
Fran Larson, operations manager, will add the title of general manager with the acquisition. "We are so excited by this change. With the stability and strength of Turret Steel behind us, we plan to return to the days when we were shipping 40,000 tons a year from this facility," Larson says.
Turret Steel Industries, Inc. and sister company Sunbelt-Turret Steel Inc. are full-service stocking distributors that offer a range of special bar quality carbon and alloy bar stock up to 32 inches in diameter.