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
Ford of Canada Union Workers Ratify Three-Year Labor Pact
Ford of Canada union workers represented by Unifor ratified a new, three-year labor agreement on Sunday.
ABI Index Drops in August
August’s Architecture Billings Index (ABI) reading from the American Institute of Architects (AIA) and Deltek showed a moderate decrease.
Beige Book: Economic Activity Appears Stable
The US Federal Reserve said that although overall economic activity was modest in July and August, per its latest Beige Book Report released on Sept. 6, the report was still slightly more optimistic than the previous one.
Dodge Momentum Declines in August on Tighter Lending
The Dodge Momentum Index (DMI) moved lower in August, driven by a slowdown in planning from tighter lending standards, according to the latest data from the Dodge Construction Network (DCN).
ISM PMI Shows 10 Months of Decline in Manufacturing Activity
Activity in the US manufacturing sector continues to slow, according to the latest monthly report on business from the Institute for Supply Management (ISM).