Lapham-Hickey Steel Acquires Thompson Dayton
By Metal Center News Staff
on Apr 30, 2018
Lapham-Hickey Steel Corp., Bedford Park, Ill., has acquired the Thompson Companies, including the Thompson Dayton Steel Service Centers. Founded in 1922, Thompson operates four flat-rolled production facilities in Paulding, Ohio; Dayton, Ohio; Rome, Ga.; and Fountain Inn, S.C.
The company offers a full range of processing capabilities, including slitting, cut-to-length, blanking, oscillating, and hardening and tempering. The product line includes niche items such as tempered-spring steel, low- and high-carbon strip, and band saw steels. It also supplies a full range of hot-rolled, cold-rolled and coated products to the automotive and industrial markets.
“Strategically, the acquisition of Thompson Dayton complements our existing footprint. It gives us the opportunity to more competitively supply flat-roll consumers in the Indiana and Ohio markets, as well as the Southeast marketplace, where we are seeing continued growth from our customers,” said Will Hickey, chief commercial officer of Lapham-Hickey Steel. “Additionally, the acquisition expands our processing capabilities. Hardened and tempering capabilities will support our distribution of tempered spring steel products from our Chicago and Philadelphia locations.
Additionally, he said, “In-house oscillating will allow us to meet the increasing need of our customers requiring oscillate coil. A multi-blanking line will allow us to better supply high-volume precision tolerance blanks. At the end of the day, we feel this makes us a more valuable supplier to both customer bases.”
All four Thompson Dayton locations will continue to operate under the Thompson Dayton name, with their existing sales and operating teams providing their customers the reliable service and quality products they have been accustomed to for almost 100 years, executives said.
Lapham-Hickey, founded in 1926, is a fourth-generation family owned service center. It was the 35th-largest service center company in North America in Metal Center News’ most recent Top 50, with 2016 revenues of $280 million.