Service Centers

BICO Steel Closes Acquisition of Integrity Fab and Machine
Written by Becca Moczygemba
October 27, 2022
BICO Steel has acquired Integrity Fab and Machine Inc. (IFABM), further expanding its processing and fabrication capabilities.
BICO is a processor of heavy carbon steel plate and forged specialty alloy steel in Mogadore, Ohio, providing die casting, fabrication, machining, and other processes that serve various end-use segments.
The addition of Breckenridge, Mich.-based IFABM, which specializes in custom fabrications, die sets, plate, and parallels, enables BICO to satisfy growing customer demands.
“We couldn’t have found a better fit for BICO than IFABM. Kirk, Rollie and Trent have long histories serving the tool and die/metal stamping and agricultural industries and have built an envious market position with IFABM. The combined capabilities of the two companies will allow us to serve the growing demand we see from customers in a variety of steel related end markets,” said John Frazier, CEO of BICO.
By Becca Moczygemba, Becca@SteelMarketUpdate.com

Becca Moczygemba
Read more from Becca MoczygembaLatest in Service Centers

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.

Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.

Olympic Steel earnings slump in ‘challenging’ first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.