Metal Industry News

A major tube producer in North America has invested in Thermatool equipment again, this time for another mill. As was the case before, a Thermatool CFI HF Welder and an Alpha Flying Shear Cutoff will be installed.

An affiliate of Shadowbriar Capital Partners has acquired Benada Aluminum Products LLC from Big Shoulders Capital and ABGB Capital LLC,The buyer is purchasing a controlling ownership stake in Benada, with Big Shoulders and ABGB remaining minority investors in the company.

Metal Sawing Technology has acquired Houston Metal Cutting, a MST is a band saw blade, repair, maintenance and service company.

Nucor Corp., Charlotte, N.C., will acquire C.H.I. Overhead Doors from the investment fund managed by Kohlberg Kravis Roberts & Co. C.H.I. is a leading manufacturer of overhead doors for residential and commercial markets in the U.S. and Canada. The transaction is valued at $3 billion.

Steel Dynamics Inc. will acquire Mexican metals recycling business ROCA ACERO S.A. de C.V. ROCA's primary operations are comprised of four scrap processing facilities, strategically positioned near high-volume industrial scrap sources located throughout Central and Northern Mexico.

AZZ Inc. has completed the acquisition of Precoat Metals from Sequa Corp. AZZ is a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure.

Gerdau will make upgrade to its Jackson, Tenn., steel mill. The investment will expand the location’s merchant bar product range and operational competitiveness, while improving the flexibility of Gerdau’s network of mills, the company said.

A plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on May 12 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019.

Atlas Tube, a division of Zekelman Industries, has opened its newest steel mill in Blytheville, Ark. The new facility will be dedicated to producing Jumbo Hollow Structural Sections as large as 28-inch OD with walls up to 1-inch thick. The $150 million project is the largest private investment in the U.S. steel industry in the last decade, the company claims.

Wieland has acquired Granite City, Ill.-based Totall Metal Recycling. Formed in 1993, the company, is a recycling industry leader in North America, processing a wide range of metal scrap and other recyclables.