Economy
Alro Steel Expands with Acquisitions in Missouri
Written by Tim Triplett
October 11, 2018
Alro Steel has acquired two Missouri service centers, extending its reach further west. Alro has purchased the assets of Sedalia Steel Supply, Sedalia, Mo., and Camdenton Steel Supply, Camdenton, Mo.
Established in 1976 by Wayne and Gayle Lamb, Sedalia Steel Supply distributes a complete line of steel products from a 107,000-square-foot facility in Sedalia and 12,000 square feet in Camdenton. Its roughly 40 employees will remain with Alro.
“Alro is excited to have a footprint from which to grow in a new market that is expanding,” said a statement from the company.
Based in Jackson, Mich., Alro Steel offers cut-to-size metals and plastics with next-day delivery to over 25,000 customers in North America. It sells a broad inventory of products under the following companies: Alro Steel, Alro Metals, Alro Metals Outlet, Alro Industrial Supply, and Alro Plastics. Alro was ranked this year by Metal Center News Magazine as the 11th largest service center organization in North America with 52 locations, 2,800 employees and revenues of $1.65 billion.
Tim Triplett
Read more from Tim TriplettLatest in Economy
AMU: Consumer auto delinquencies: Warning sign for consumer health?
The Consumer Federation of America estimates rising total auto debt at a staggering $1.66 trillion, along with increasing repossessions and a sharp increase in delinquencies.
Beige Book: Regional market growth remains mostly flat
Economic growth in some US regions in September was offset by challenges in others, causing the market to appear largely unchanged overall, according to the Federal Reserve’s latest Beige Book report.
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.
Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.