Steel Mills
Majestic Steel Acquires Flat Rolled Steel, Inc.
Written by John Packard
December 19, 2013
Majestic Steel, a flat rolled steel service center located in the Cleveland, Ohio area, announced on Wednesday their acquisition of Flat Rolled Steel, Inc. which has locations/offices in Tulsa, OK; Grand Prairie, Texas (Dallas) and Houston, Texas.
In a letter to their new customers, Majestic Steel provided no details of the purchase. Todd Leebow, President of Majestic Steel did advise their new customers that they are “committed to the steel industry as well as your market and look forward to growing our businesses together.”
According to local press reports out of Ohio, the new plants will operate under the Majestic Steel name.
Mr. Leebow described the reasons behind the purchase as being, “We see this as an opportunity to expand our reach in the Southwest region while continuing to support the existing business. We’re looking forward to welcoming the Flat Rolled Steel associates to the Majestic family.”
Majestic Steel is one of the largest privately held flat rolled steel service centers in North America. According to the September 2013 issue of Metal Center News, Majestic Steel was ranked as the 26th largest distributor with gross revenues of approximately $425 million during 2012. They are well known as a major player in the galvanized steel industry and associated markets. The purchase will increase their footprint in the HVAC markets and other coated steels and cold rolled in the Southwest.
John Packard
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