Norfolk Iron & Metal Acquires Straub Metal
By
Metal Center News Staff on
Jan 7, 2025
Norfolk Iron & Metal one of North America's largest family-owned steel service centers, has acquired Straub Metal International. Ashley, Pa.-based Straub Metal, founded in 1970, is a worldwide distributor of Type 409 stainless steel.
The acquisition further expands NIM’s stainless steel sheet and coil product lines.
“We are pleased to welcome the Straub Metal team to the NIM family,” Arnie Robinson, president and COO of Norfolk Iron & Metal, said. “As a family-run business, Straub Metal is a great fit to continue our growth and investment throughout the United States.”
“Both companies have grown and succeeded by consistently delivering outstanding products and services to every customer. We are thrilled to be combining with NIM," said Doug Straub.
Abrahams Kaslow & Cassman LLP is acting as legal counsel and Headwall Partners LLC as buy-side advisor to Norfolk Iron & Metal. Ballard Spahr LLP is acting as legal counsel and Mufson Howe Hunter & Company LLC is acting as sell-side advisor to Straub Metal.