Distributors/Service Centers

Mainline Metals Acquires Great South Metals
Written by Becca Moczygemba
August 5, 2022
Pennsylvania steel distributor Mainline Metals has acquired Great South Metals, a service center located in Acworth, Ga.
Mainline Metals seeks to sweeten its position as a leading nationwide provider of prime, secondary, and excess steel with the Peach State service center’s capabilities. Great South’s machinery includes a 60-inch Pro-Eco loop slitter, a 48-inch Turner loop slitter, an 18-inch Wean slitting line, a 72-inch McKay cut-to-length, and 10–14-foot Cincinnati Shears.
The first order of business for Great South Metals includes the implementation of new technologies and sourcing strategies. Presently, the company’s strategic focus is growth and this investment will expand the company’s value-added services.
“This partnership presents the perfect opportunity for Great South Metals to leverage Mainline Metals’ robust industry knowledge. At the same time, Great South Metals’ expertise in the prime steel market and supply chain programs enhances Mainline Metals’ capabilities to serve its customers and engage more deeply in the prime market. This is a mutually beneficial agreement for both companies and our customers,” said Andrew Geisler, president of Mainline Metals.
Have some news or just want to chat? Email me!
By Becca Moczygemba, Becca@SteelMarketUpdate.com
 
			    			
			    		Becca Moczygemba
Read more from Becca MoczygembaLatest in Distributors/Service Centers
 
		                                SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.
 
		                                Ryerson, Olympic bet big on merger as steel slump enters third year
Executives framed the all-stock deal as a path to scale, efficiency, and long-term growth despite ongoing weakness in the metals market.
 
		                                Olympic reports lower Q3 profits after Ryerson merger announcement
Olympic Steel reported a decline in third-quarter earnings on Tuesday, as the company separately announced its merger with service center giant Ryerson.
 
		                                M&A blockbuster as Ryerson, Olympic Steel announce merger
National service center chains Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger between the two companies.
 
		                                Ryerson reports net loss in Q3 as weak demand offsets tariff price support
President and CEO Eddie Lehner said Ryerson has faced market headwinds in the third quarter.
