SPS Companies, Inc. and State Steel Supply Company will acquire the parts fabrication assets of Kooima Company, a rapidly growing laser process fabricator located in Rock Valley, Iowa.
“We are grateful that Phil Kooima and his wife Kristi consider SPS and State as worthy successors to the ownership of the business they dedicated so much time and energy building,” said Matt Crocker, president of SPS.
“We look forward to continuing to build upon the outstanding culture of quality, service and innovation that Phil and his team have built over the years,” said David Bernstein, president of State Steel.
Phil Kooima, who has led Kooima Company since its founding in 1988, will continue to provide executive leadership to the company. The rest of the management team, including Greg De Jager, president; Mike Altena, CFO; and Jeremy Van Zee, vice president, will also continue to lead the organization.
“This new association with SPS and State will allow Kooima to continue our growth, with a primary mission of continuing to serve our customers’ needs for high quality, competitively priced fabrication of flat and tubing products,” Phil Kooima said. “Our customers will see a seamless transition with their same sales contacts and the same commitment to quality products and services they have grown to trust with Kooima Company.”
SPS, headquartered in Manhattan, Kan., has distribution, fabrication, processing and ERW tube manufacturing operations located in five U.S. states, as well as in Monterrey, Mexico. State Steel, headquartered in Sioux City, Iowa. operates multiple service centers, including coil processing lines, fabrication and processing capabilities; as well as scrap operations in four states.