Service Centers
Union Partners Grows as Maksteel Acquires LexWest
Written by Tim Triplett
March 9, 2019
Maksteel, part of the Union Partners group of service centers, has completed the acquisition of LexWest Steel in Los Angeles. LexWest Steel is a full-line distributor of flat rolled steel products and will be rebranded as Maksteel USA under the expanding Union Partners portfolio.
Maksteel USA is a U.S. division of Maksteel, which is based in Canada. Maksteel’s geographic footprint and processing capabilities grow with this addition. Its U.S. distribution now spans from the Midwest and South regions to strategic locations in Los Angeles and a soon-to-be announced expansion in Arizona.
“LexWest is a trusted and familiar name, and I am confident that our LexWest team and operations will thrive under Maksteel,” said Union Partners co-founder Paul Douglass. “This acquisition allows us to continue our mission of providing superior service through strategic expansion and enhanced capabilities,” added Union Partners co-founder Chris Hutter.
LexWest Steel was founded in 2001 and currently operates out of Los Angeles, with sales offices in Arizona and Texas. Over the past 18 years, LexWest claims it has grown into one of the most successful independent service centers on the West Coast. The company offers slitting and cut-to-length capabilities, and carries a variety of hot rolled, cold rolled, coated and pre-painted flat rolled products. With the addition of LexWest, Maksteel now operates out of nine facilities in the U.S. and Canada.
Union Partners LLC is a hands-on holding company of metals and logistics companies. With 21 locations throughout North America, its operations include Maksteel, Contractors Steel, Mapes & Sprowl Steel, Lamination Specialties, Cortran and Chicago Steel.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Friedman’s profits tick higher on record quarterly sales volumes
Friedman Industries' earnings increased in its fiscal fourth quarter ended March 31.
Worthington expands European presence with closing of Sitem deal
The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.
Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.
Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.
Olympic Steel earnings slump in ‘challenging’ first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.