Service Centers
Barsteel Corp. Acquires Millennium Metals
Written by Tim Triplett
February 20, 2019
Barsteel Corp., a flat rolled steel distributor and processor, has acquired Millennium Metals LLC.
Headquartered in Steger, Ill., Millennium Metals specializes in the processing and distribution of plate and bar products to a wide range of manufacturers across the U.S., Canada, Mexico, and the Far East. Art Hoekstra, co-founder of the company, will continue as Millennium president.
“Millennium will have the opportunity to leverage Barsteel’s flat rolled expertise, while Barsteel gains new product lines to introduce to our existing customer base. The Millennium Metals acquisition fits well with Barsteel’s growth strategy of acquiring and investing in profitable steel distribution businesses performing at a high level. I am thrilled to be working with Art in our effort to continue Millennium’s steep growth trajectory,” said Drew Barnett, president of Barsteel Corp.
Founded in 1994, Barsteel is a full service distributor of hot rolled, cold rolled and coated steel products to a broad base of manufacturers across the U.S., Canada and Mexico. The company is based in Highland Park, Ill, and Merrillville, Ind.
Tim Triplett
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