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
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.