Service Centers
Federal Steel Supply Acquires Process Piping Materials
Written by Tim Triplett
November 22, 2021
Federal Steel Supply, a stocking distributor of carbon steel and chrome-moly tubular products, has acquired Process Piping Materials, a distributor of industrial pipe, fittings, valves and flanges. Terms of the deal were not released. PPM’s founders will remain active in the business.
Federal Steel Supply is headquartered in Chesterfield, Mo., with a distribution facility in Houston. It is a portfolio company of V&A Capital. PPM is based in Lafayette, La., with distribution facilities in Hobbs, N.M., and George West, Texas.
“We are excited to bring PPM into the FSS family,” said Scott Harris, CEO of Federal Steel Supply. “The addition of Process Piping Materials further positions FSS as a leading provider of pipe and related products to a broad range of end-markets and geographies. Our combination creates a strong platform from which to expand into other geographic regions where we see opportunities.”
“We are excited about this complementary add-on, which helps expand Federal Steel Supply’s footprint, product offering and customer base. Furthermore, the combined companies will be able to leverage each other’s technical knowledge while taking advantage of cross-selling and consolidated purchasing opportunities,” said Chuck Mills, managing director of V&A Capital.
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
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