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Venture Steel Acquires Yellen Metals

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Flat-rolled specialist Venture Steel, Inc., Etobicoke, Ontario, has acquired Yellen Metals LLC. The deal will enhance the Venture’s presence in the northeastern U.S., the company claims, and adds long products to its mix.

“The addition of the experienced Yellen Metals team, production facility and warehouse in Buffalo, N.Y., will increase our ability to provide customers with industry-leading service, responsiveness and rapid order to delivery turnaround times,” says Tony Kafato, president of Venture Steel. “The Yellen acquisition will strengthen our market position in carbon plate and carbon flat-rolled and adds new product lines including bar, angles and structurals to the current Venture Steel product offerings in the Northeast.”

Shelly Yellen, a 30-year veteran of the service center industry, will assume the role of vice-president and general manager of Venture Steel’s North East division.

Venture Steel is one of Canada’s largest steel and aluminum service center companies. It has an operating footprint in Canada, the U.S. and Mexico.