Service Centers
State Steel, SPS Acquire Steel Fabricator Kooima
Written by Sandy Williams
February 24, 2020
State Steel and SPS Companies have acquired steel fabricator Kooima Co. Kooima, based in Rock Valley, Iowa, provides steel fabrication solutions to OEMs and other manufacturers, including laser cutting, bending, machining and welding.
State Steel, headquartered in Sioux City, operates multiple service centers in Iowa as well as metal recycling operations in four states.
Kansas-based SPS has distribution, fabrication, processing and ERW tube manufacturing operations in five U.S. states, as well as in Monterrey, Mexico.
The transaction was facilitated by Montrose Advisors, LLC.
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
Olympic Steel taps Norred for GM role in Georgia
Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.
Nova Steel acquires Sheffield Steel Products
Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.
Jack Biegalski joins Esmark Steel Group as CEO
Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.
Casey to lead Olympic’s manufactured metal products business
National service center chain Olympic Steel has made an internal promotion to fill the newly created role of director of manufactured metal products.
Russel Metals acquiring Kloeckner Metals centers to increase US presence
The seven facilities Russel agreed to purchase are located in Iowa, North Carolina, Georgia, Texas, and Florida.