Union Partners Hires Letnich as Contractors COO
By Metal Center News Staff
on Jan 14, 2019
LLC has appointed industry veteran Steve Letnich as the chief operating officer of Contractors Steel. Letnich succeeds Marc Bokas, who has retired after 40 years in the industry.
Letnich joins Contractors Steel
with nearly 25 years of experience in the steel and metals industry. He has held leadership positions at Outokumpu, A.M. Castle, Central Steel & Wire and Worthington Industries. Letnich has a broad base of experience in the long and flat product space where he has driven team-based profit and market share increases in highly competitive environments, Union Partners claimed.
Letnich's leadership marks a new chapter of growth and opportunity for Contractors Steel. They recently invested in new equipment including new press brakes as well as Anglemaster, Amada Laser, and Python robotic plasma cutting machines to further enhance its capabilities. Contractors also reaffirmed their commitment to just-in-time delivery for their customers by adding additional tractors to their already robust fleet, UP executives said.
"We couldn't be more excited to usher in a new era for Contractors Steel by welcoming a seasoned leader like Steve to the team," said Chris Sekella, EVP-U.S. Operations for Union Partners. "There are tremendous growth opportunities that lie ahead for the company. Steve's reputation, proven track record, and experience in the industry positions Contractors and their customers to capitalize on these opportunities and realize even more success in the future."
Contractors Steel was the 40th-largest service center company in North America in Metal Center News' most recent Top 50
. It represented the largest acquisition to date by Union Partners.