Metals USA Acquires Indiana Service Center
Metals USA, Fort Lauderdale, Fla., has made its second acquisition of the year with the purchase of an affiliate of Eagle Steel Products Inc. The facility will be renamed Ohio River Metal Services Inc.
Located on the Ohio River in Jeffersonville, Ind., ORMS is a flat-rolled service center providing processing and warehousing services to a broad range of customers. Under President Charles R. Moore, ORMS will continue to operate from its 320,000-square-foot facility served by barge, rail and truck.
"ORMS complements Metals USA's existing service center business in Jeffersonville and further expands the products and services our Flat-Rolled and Non-Ferrous Group can provide customers throughout the Ohio Valley," says Lourenço Gonçalves, Metals USA’s chairman, president and CEO. "ORMS is Metals USA's second acquisition since our IPO in April of 2010, and further demonstrates our ability to execute our growth strategy.”
Eagle Steel Products Inc. will continue to operate from its Louisville, Ky., facility under its CEO and majority owner, Shirley Ohta. The transaction is expected to close in late December.