Service Centers

SPS and State Steel to Acquire Fabricator Kooima
Written by Sandy Williams
December 4, 2019
SPS Companies and State Steel Supply Co., distributors and fabricators of steel products, will acquire the parts fabrication assets of laser process fabricator Kooima Co., located in Rock Valley, Iowa.
“This new association with SPS and State will allow Kooima to continue our growth, with a primary mission of continuing to serve our customers’ needs for high quality, competitively priced fabrication of flat and tubing products,” said Kooima founder and CEO Phill Kooima
Kooima will continue to provide executive leadership to the company with the rest of the management team including Greg De Jager, President; Mike Altena, CFO; and Jeremy Van Zee, Vice President.
SPS, headquartered in Manhattan, Kan., has distribution, fabrication, processing and ERW tube manufacturing operations in five U.S. states, as well as in Monterrey, Mexico.
State Steel, headquartered in Sioux City, Iowa, operates multiple service centers including coil processing lines, fabrication and processing capabilities, as well as scrap operations in four states.

Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers

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.

Olympic taps Scott for board, Rippey steps down
Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.

Ryerson narrows loss in first quarter
Ryerson's net loss shrinks in first quarter.