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.

hand shakeEstablished 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

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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