Service Centers

Norfolk Iron & Metal Expands into Northwest with Cd’A Purchase
Written by Sandy Williams
December 17, 2020
Norfolk Iron & Metal, a full-line steel service center based in Norfolk, Neb., will acquire the Coeur d’Alenes Company (Cd’A), a service center and processor headquartered in Spokane, Wash.
“We are pleased to welcome the Cd’A team members to the NIM family,” said Richard Robinson, chairman and CEO of NIM. “This investment represents a strategic opportunity to increase our capacity and geographic presence and is integral to our commitment to meet the growing needs of our customers. Cd’A Metals’ complementary capabilities combined with its long history of success positions us well to further develop our business in the northwestern markets.”
Cd ’A’s three locations in the Northwest will further expand Norfolk’s product lines and processing capabilities. The transaction is expected to close by Dec. 31, 2020.
Norfolk Iron & Metal operates 13 U.S. locations as a processor and distributor of non-ferrous and carbon flat rolled metal products.

Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers

Triple-S closes on American Stainless Tubing buy
Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.

Worthington Steel fiscal Q4 profit rises despite sales drop
Worthington Steel earnings rose while sales fell in its fiscal fourth quarter.

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.