Service Centers
Owen Industries Acquires Omaha Steel
Written by Tim Triplett
November 8, 2021
Owen Industries, a service center, processor and fabricator of steel sheet and plate based in Carter Lake, Iowa, has acquired the assets of Omaha Steel, a steel foundry in Wahoo, Neb.
The acquisition includes a newly built foundry facility that gives Owen Industries the opportunity to expand its offerings into the design and production of innovative casting solutions for the industrial, commercial, nuclear, energy and bridge sectors in the central U.S.
Owen Industries is the parent company of PVS Structures, PVS Metals, NPS Metals, MVS Metals and NP Finishing. Scrap steel produced through the operations of these divisions will be utilized by Omaha Steel to melt and produce castings. The merger with Omaha Steel will also allow Owen Industries to expand its customer base in steel procurement and processing.
Owen Industries traces its roots to its founding firm Paxton & Vierling Iron Works in 1885. At the time, the company offered iron fabrication and iron castings from a foundry on South 17th Street in downtown Omaha.
“With this acquisition, we proudly return to our humble beginning, while looking forward to a bright and productive future,” said President and CEO Tyler Owen.
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
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.
Klöckner to sell seven US locations to Russel, one to Service Steel Warehouse
German service center Klöckner and Co. has agreed to sell seven of its US locations to Canadian service center Russel Metals Inc. for approximately $119 million, the companies said in press releases on Sunday.
Worthington Steel’s earnings, sales rise in fiscal Q1’26
Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.