UPG Finalizes Acquisition of Lex Holding Co.

Chicago-based service center and steel processor UPG Enterprises LLC, announced the acquisition of Lex Holding Co. The acquisition will expand UPG’s distribution of flat rolled steel products in the Midwest markets and further diversify their product line and logistical capabilities. The deal includes Lexington Steel Corp., a full-line distributor of flat rolled steel products based in Chicago and Douglass Logistics Inc., the affiliated steel logistics division of Lexington Steel.

“By joining and working alongside UPG’s Maksteel, Lexington’s reach is expanded immensely from a product line standpoint by leveraging UPG’s family of companies,” said Bill Douglass, president of Lexington Steel in the company’s press release. “Our current valued customers can anticipate the same top-rate service they have come to expect.”