Steel Products

NIM Group to Buy PlatePlus Tulsa Facility

Written by Michael Cowden

April 26, 2022

NIM Group has announced plans to acquire the PlatePlus Inc. facility in Tulsa, Oka.

The deal between the two service center groups is expected to close on April 29, NIM Group said.

It comes after NIM Group scooped up another PlatePlus facility in Windsor, Colo., earlier this year.

“We are pleased to welcome the Tulsa team to the NIM Group family,” said Arnie Robinson, president and COO of NIM Group. “This facility, located in the Tulsa Port of Catoosa, is a strategic investment that aligns well with our long-term growth strategy.”

Terms of the deal were not disclosed.

The addition of the Tulsa plant means NIM Group will have 18 locations stretching across the US.

NIM Group – which is one of the largest family-owned steel service centers in the US – is also the parent of Norfolk Iron & Metal, Metalwest, and Cd’A Metals.

Plateplus, also a service center, specializes in processing hot-rolled steel coils into sheet and plate products.

By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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