Service Centers
Mill Steel Acquires Prassas Metal Products
Written by Tim Triplett
March 23, 2021
Mill Steel Co. has strengthened its geographic footprint in the South and West with the acquisition of Los Angeles-based Prassas Metal Products. Terms of the transaction were not disclosed.
“When favorable opportunities such as this present, our aggressive acquisition strategy allows us to transact quickly to the benefit of our customers,” said Mill Steel President and Chairman Pam Heglund.
Mill Steel will immediately assume steel processing and supply for PMP’s broad array of construction industry customers in the southeastern, mid-south and western United States. The transition will be seamless as Mill Steel will uphold existing contracts and leverage its 60-plus years of steel processing expertise to provide exemplary service, Heglund said.
Retiring PMP CEO Jim Prassas will take on a consulting role with Mill Steel as the business assets are integrated.
Mill Steel, based in Grand Rapids, Mich., is one of the nation’s largest distributors of flat rolled carbon steel. Prassas Metal Products is a steel trading and stocking distributor of pre-painted and coated coil products.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Kenwal Hires Kreuzer to Drive Growth Plans
Kenwal Steel has hired Dean Kreuzer to the newly created position of vice president of strategy and business development.
HR Lead Times Near Five Weeks, Plate’s Shorten Again
Steel mill lead times were largely unchanged this week, with hot rolled extending slightly and plate falling back marginally.
Steel Summit: Reliance CEO Karla Lewis Talks Demand, Company Growth
In a Steel Summit fireside chat, Karla Lewis, president and CEO of service center group Reliance Steel & Aluminum, sat down with SMU managing editor Michael Cowden to talk about current demand trends and where she’s leading her company.
Russel Metals Posts Solid Q2, Sees Steady Demand Continuing
Russel Metals posted solid second-quarter earnings. The Toronto-based company anticipates a continuation in steady demand for its service centers and steel distributors.
Flack Global Metals in Partnership with Windsor America
Flack Global Metals (FGM) said it has completed an investment in Windsor America, parent of Windsor Door, Garage Door Services of USA and Lodi Door.