Steel Products
Drexel Metals Acquired by Carlisle Construction
Written by Sandy Williams
July 18, 2017
Drexel Metals, a custom metal fabricator and portfolio company of Arborview Capital, has been acquired by Carlisle Construction Materials. Drexel, headquartered in Louisville, Ky., is a leader in the residential and nonresidential architectural metal roofing segment with regional facilities in Pennsylvania, Kentucky, Colorado and Maryland.
Drexel provides on-site rolling of metal panels, custom trim and cornice fabrication, edge metal and a wide range of underlayment and insulation products.
Drexel’s senior management team will continue to work with CCM to expand the brand’s presence in the architectural metal roofing segment.
{loadposition reserved_message}
CCM CEO John Altmeyer commented, “Drexel Metals represents an outstanding opportunity for CCM to expand its roofing presence beyond its traditional low-slope, single-ply segment. The fragmented nature of the metal roofing business allows for both greenfield and acquisition growth opportunities that the experienced team at Drexel will be encouraged to pursue.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]
Rig count dips again in both US and Canada
Oil and gas drilling activity waned in the US and Canada this past week. Ticking own for the second straight week in both regions.