Service Centers
Steelco USA Acquires Douglas Steel Assets
Written by Tim Triplett
May 14, 2018
In a strategic purchase that expands its production capabilities in the Southwest, SteelCo USA has acquired certain assets of the former Douglas Steel Supply, based in Vernon, Calif. The assets acquired in the agreement include multiple large-scale production lines, material handling equipment, vehicles, tooling and inventory.
“The addition of this equipment to SteelCo USA’s existing production operations marks a significant step forward in our ability to provide our customers with the breadth and depth of processing services they need, while maintaining the level of quality and speed of service that they expect,” said Tim Miller, VP/General Manager of SteelCo USA, Chino, Calif.
The equipment acquired by SteelCo includes: three 60-inch-wide precision multi-blanking lines from Red Bud and Herr Voss, a Stamco/Wean 60-inch-wide slitting line with multiple off-line slitting heads, a 51-inch-wide Stamco slitting line, multiple overhead cranes and Cincinnati shears. The company is in the process of relocating the equipment to its Chino and Rialto, Calif., facilities.
SteelCo USA, founded in 2007, is a division of West Coast Steel & Processing.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Steel pricing pressure squeezes Reliance’s Q2 earnings
Reliance Inc. said a faster-than-expected decline in carbon steel prices offset higher shipments in the second quarter.
June service center shipments and inventories report
Flat Rolled = 60.9 Shipping Days of Supply Plate = 59 Shipping Days of Supply Flat Rolled US service center flat-rolled steel supply remained high at the end of June at 60.9 shipping days of supply, according to adjusted SMU data. This translates to 3.05 months of supply in June. At the end of May, […]
Reliance to buy certain assets of Mississippi toll processor
Reliance Inc. has reached an agreement to buy certain assets of Ferragon Corp.'s FerrouSouth division, a toll processing operation based in Iuka, Miss.
Steel Warehouse set to invest $20M in Tennessee expansion
Steel Warehouse plans to expand in Jefferson City, Tenn., with an investment of ~$20 million.
SMU Community Chat: Back to building with Triple-S CEO Gary Stein
Looking out over the American economy, Triple-S Steel Holdings CEO Gary Stein believes what is required doesn’t fundamentally have to do with government policy. “Rather, it’s a mind shift.”