Service Centers
Alro Steel to Acquire Access Metals
Written by David Schollaert
September 6, 2022
Alro Steel announced last week that it has entered into an agreement to acquire certain assets of Access Metals, a Maryland-based metals service center. The transaction, terms of which were not disclosed, is expected to close on Sept. 30.
Access Metals is a service center specializing in small orders of value-added and cut-to-size metals. Founded in 2006, the Baltimore-based metals service center serves the Mid-Atlantic manufacturing, machining, and fabricating industries.
“I’m pleased to announce that, effective Sept. 30, ownership of Access Metals will transfer to Alro Steel,” Access Metals president and CEO Yolanda Drenner said. “It’s a well-established, family-owned business. … Alro shares my philosophy to exceed customer expectations through superior service and teamwork.”
The deal will allow Alro to grow its customer base in the eastern United States while providing improved service for cut-to-size metals. This is Alro’s fourth service center acquisition within the past year.
“We are excited to welcome Access Metals to the Alro family. Access Metals has a reputation for superior customer service with a strong base of manufacturing customers in Maryland,” Alro CEO Randy Glick said.
Alro Steel was founded in 1948 by brothers Al and Robert Glick. The company is a distributor of metals, industrial supplies, and engineering plastics. Alro operates more than 70 locations in 13 states and provides a broad inventory of products.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Service Centers
Steel pricing pressure squeezes Reliance’s Q2 earnings
Reliance Inc. said a faster-than-expected decline in carbon steel prices offset higher shipments in the second quarter.
June service center shipments and inventories report
Flat Rolled = 60.9 Shipping Days of Supply Plate = 59 Shipping Days of Supply Flat Rolled US service center flat-rolled steel supply remained high at the end of June at 60.9 shipping days of supply, according to adjusted SMU data. This translates to 3.05 months of supply in June. At the end of May, […]
Reliance to buy certain assets of Mississippi toll processor
Reliance Inc. has reached an agreement to buy certain assets of Ferragon Corp.'s FerrouSouth division, a toll processing operation based in Iuka, Miss.
Steel Warehouse set to invest $20M in Tennessee expansion
Steel Warehouse plans to expand in Jefferson City, Tenn., with an investment of ~$20 million.
SMU Community Chat: Back to building with Triple-S CEO Gary Stein
Looking out over the American economy, Triple-S Steel Holdings CEO Gary Stein believes what is required doesn’t fundamentally have to do with government policy. “Rather, it’s a mind shift.”