Economy
Xcel Steel Pickling Joins Union Partners as Maksteel Processing
Written by Tim Triplett
October 10, 2018
Union Partners has acquired the assets of Xcel Steel’s pickling operations in Dearborn, Mich., effective Oct. 5. The division has joined Union Partners-owned Maksteel and will now operate under the name Maksteel Processing. As this transition occurs, there will be no interruption in service to customers, the company said.
The Detroit location of Xcel Steel Processing will continue its existing slitting operations, under its current ownership.
“Union Partners has a demonstrated history of successful acquisitions and I am confident our pickling team and operations will flourish as they enter this new chapter,” said Xcel Steel Processing CEO Connie Ardelean. “We are excited to continue to receive the same great pickling services from Maksteel Processing, only now as an outside customer.”
Maksteel Processing offers a push/pull pickling line capable of processing hot rolled, high-strength low alloy, and advanced high-strength steel coils up to 72 inches wide and 400,000 tons per year. Maksteel Processing will also invest in significant upgrades to its facility and equipment, starting immediately.
“We are thrilled to announce the acquisition of Maksteel Processing,” said Union Partners co-founders Chris Hutter and Paul Douglass in a joint statement. “This was a clear decision for us; not only are we gaining equipment capabilities, but also a strategic rail-served location in the heart of mill and automotive country. With this addition, we look forward to becoming an even more convenient one-stop-shop to our customers.”
Chicago-based Union Partners is a hands-on, full-service metals and logistics company. Their steel service centers specialize in metal distribution and processing, and related logistics services. Founded by families with multi-generational experience in steel, real estate, and logistics, the company says it prides itself on combining the integrity of family-owned businesses with the innovation of entrepreneurial values.
Tim Triplett
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