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
Read more from Tim TriplettLatest in Service Centers
Worthington Steel becomes member of AISI
The American Iron and Steel Institute (AISI) has added Worthington Steel to its membership roster and elected Geoff Gilmore, president and chief executive officer of the steel processor, to its board of directors.
Steel Summit: Service center CEOs share straight talk on markets, customers, future
The chief executives from Majestic Steel, Olympic Steel, and Worthington Steel swapped notes on inventory discipline, customer trust, and the race to turn AI from hype into results.
Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.
Varsteel acquires Reliable Tube and Spartan Metal Processing
Varsteel Ltd. announced two new strategic acquisitions. The Canadian service center stated that the acquisitions position it to meet a wider range of steel product needs.
Steel Summit: Reliance CEO eyes potential M&A in Mexico, highlights tech plans
Karla Lewis, president and CEO of Reliance Inc., told attendees of SMU’s Steel Summit 2025 that North America’s largest service center company is eyeing strategic opportunities in Mexico.