Steel Products
Triple-S Acquires Arbor Metals
Written by Tim Triplett
August 9, 2017
Houston-based Triple-S Steel Holdings has completed its acquisition of Arbor Metals, a Dallas service center specializing in slitting of narrow carbon, stainless and nickel alloy materials.
The company, which will operate as part of the Triple-S specialty metals group, employs about 40 people under the leadership of Jack Matheson.
“We are excited to welcome a new team to the Triple-S family,” said Gary Stein, CEO of Triple-S. “We see an exciting combination and the ability to offer some very special material to our combined customer base.”
Matheson, who will serve as senior vice president of the new division, added, “the benefit of being part of a large organization, having access to talent, geographic locations and capital, is exactly what we were looking for in a new owner at Arbor. We’re very excited about our future as a Triple-S company, and how this will enable us to grow with our customers and employees.”
Triple-S Steel is one of the largest family-owned steel service centers in the United States, with over 30 locations in the U.S. and Colombia. In addition to the original Triple-S Steel Supply, company brands include Intsel Steel, R&S Steel, Metals Inc., General Steel of Macon, Tube Supply Co., Maas Hansen Steel, Beshert Steel Processing and Steckerl Aceros.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.
SMU Week in Review: Aug. 11-15
With so much happening in the news cycle, we want to make it easier for you to keep track of it all. Here are highlights of what’s happened this week and a few things to keep an eye on.
Active rig count holds in US but grows in Canada
Oil and gas drilling in the US was unchanged this past week following three straight weeks of declining activity. Canada saw another gain, reaching a 22-week high.
Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.
Welspun Tubular makes $150M investment in Arkansas line pipe mill
Line pipe manufacturer Welspun Tubular LLC has announced a $150-million expansion project at its site in Little Rock, Ark.