Service Centers

MacArthur Completes Buy of American Metals Supply
May 16, 2023
Buildings supplies distributor MacArthur Co. has completed its acquisition of American Metals Supply.
American Metals, a steel products distributor, will operate as an independent subsidiary with the same team, product line, marketing presence, and locations.
Financial terms of the deal were not disclosed.
“We both have a strong heritage as successful distribution businesses that share an understanding of what it means to be industry leaders,” Barrett Moen, CEO of MacArthur Co., said in a press release.
The companies noted there are almost no areas in the country where the two firms overlap or compete with one another.
Chrissy Nardini will continue as American Metals’ president. However, as a result of the transaction, Steve Hassebrock will transition out of the company, following long-term leadership roles in the firm founded by his father.
“It has been both an honor and a privilege to have worked here for the last 52 years and I have witnessed phenomenal growth and a magical transformation of a company that had a very humble beginning,” Hassebrock said.
American Metals Supply, a wholesale distributor of sheet and coil steel, prefabricated duct and fittings, and a complete line of HVAC products, has nine locations, distributing products in 12 states.
“MacArthur Co. provides us with a compatible culture fit, strong financial fundamentals, and the ability for future employees to continue to achieve financial success,” American Metals’ Nardini said.
St. Paul, Minn.-based MacArthur and its subsidiaries operate in over 50 locations throughout the US.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Service Centers

Steel Summit: Service center CEOs share straight talk on markets, customers, future
The chief executives from Majestic Steel, Olympic Steel, and Worthington Steel swapped notes on inventory discipline, customer trust, and the race to turn AI from hype into results.

Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.

Varsteel acquires Reliable Tube and Spartan Metal Processing
Varsteel Ltd. announced two new strategic acquisitions. The Canadian service center stated that the acquisitions position it to meet a wider range of steel product needs.

Steel Summit: Reliance CEO eyes potential M&A in Mexico, highlights tech plans
Karla Lewis, president and CEO of Reliance Inc., told attendees of SMU’s Steel Summit 2025 that North America’s largest service center company is eyeing strategic opportunities in Mexico.

Galvanized steel prices slip while demand remains flat: HARDI
Galvanized steel prices dipped to ~$48/hundredweight in August from the $50-59/hundredweight range during the month of July.