Service Centers

Alro Acquires Ace Steel, Further Expanding its Mid-Atlantic Reach
Written by David Schollaert
December 12, 2021
Alro Steel has acquired Ace Steel, a Roanoke, Va.-based service center and distributor of steel and plastic products. The deal will grow Alro’s customer base while providing improved service for cut-to-size metals and plastics, the company said.
Established in 1992 as a full-service metal distributor, Ace Steel serves the Roanoke Valley in Virginia. The acquisition strengthens Alro Steel’s reach in the Mid-Atlantic as well as its position across the South.
The deal also provides Ace Steel’s customers with access to Alro’s vast inventory – which includes not only aluminum and carbon steel but also stainless steel, tool steel, cast iron, red metals, alloys and plastics.
This is Alro’s third major announcement this year and its second acquisition. In September, the Jackson, Mich.-based service center bought Metal Stock, a Philadelphia-based service center. It followed that deal up with a planned expansion in Iowa.
Alro is North America’s seventh largest metals processor with revenues of $1.9 billion in 2020. The company operates more than 70 locations in 13 states, distributing a full range of metals, industrial supplies, and engineering plastics.
By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in Service Centers

Triple-S closes on American Stainless Tubing buy
Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.

Worthington Steel fiscal Q4 profit rises despite sales drop
Worthington Steel earnings rose while sales fell in its fiscal fourth quarter.

Friedman’s profits tick higher on record quarterly sales volumes
Friedman Industries' earnings increased in its fiscal fourth quarter ended March 31.

Worthington expands European presence with closing of Sitem deal
The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.

Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.