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 WilliamsRead more from Sandy Williams
Latest in Service Centers
Russel Metals to buy seven of Samuel’s operations
Canadian metals distributor Russel Metals Inc. plans to acquire Samuel, Son & Co.’s carbon plate service center operations in Western Canada and the US for roughly $225 million.
Friedman Posts Better Fiscal Q2 Results Despite Falling Steel Prices, Sees Better Times Ahead
Friedman Industries was hit by falling steel prices in its fiscal 2024 second quarter ended Sept. 30, 2023, but anticipates improvement in its financial results for the remainder of the fiscal year.
Worthington Board OKs Separation of Steel Processing Business
Worthington Industries said on Thursday its board of directors has approved the previously announced separation of its Steel Processing business, Worthington Steel Inc.
Russel Metals Q3 Earnings Slip on Volatility
Canadian metals distributor Russel Metals reported lower earnings in the third quarter as the company “navigated through volatile market conditions.”
Olympic’s Q3 Earnings Up, But Sales Slide on Lower Metal Pricing
Olympic Steel’s earnings edged up in the third quarter vs. a year earlier, though sales declined due to lower metal pricing, the Cleveland-based metals service center said.