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Barsteel Acquires Millennium Metals

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Barsteel Corp., a flat-rolled steel distributor and processor, has acquired Millennium Metals, Steger, Ill. Millennium specializes in the processing and distribution of plate and bar products for a wide range of manufacturers across the U.S., Canada, Mexico and the Far East.

Art Hoekstra, Millennium Metals’ founder, will continue as president of the company.

“Millennium will have the opportunity to leverage Barsteel’s flat-rolled expertise while Barsteel gains new product lines to introduce to our existing customer base.  The Millennium Metals acquisition fits well with Barsteel’s growth strategy of acquiring and investing in profitable steel distribution businesses performing at a high level.  I am thrilled to be working with Art in our effort to continue Millenniums steep growth trajectory,” said Drew Barnett, president of Barsteel Corporation.

Founded in 1994, Highland Park, Ill.-based Basteel is a full service distributor of hot-rolled, cold-rolled and coated steel products to a broad base of manufacturers.