Service Centers

Sabel Steel Buys Sampson Steel
Written by David Schollaert
June 7, 2023
Sabel Steel Service Inc. has acquired Beaumont, Texas-based metals service center Sampson Steel Corp., effective Thursday, June 1.
“Sampson Steel joins the Sabel Steel family with 107 years of history in the metals industry,” Keith Sabel, president and CEO of Sabel Steel, said in a statement via Linkedin.
Stephen Eisen, previously president of Sampson Steel, will remain as the branch manager, according to the statement.
“Stephen and Sampson Steel’s dedicated employees will continue offering Southeast Texas customers the same great service that they have been experiencing since 1916,” Sabel added. “With Stephen’s past experiences and excellent leadership, we look forward to our continued success with our newest branch in Texas.”
Terms of the deal were not disclosed.
The acquisition of Sampson Steel is Montgomery, Ala.-based Sabel’s first in Texas, allowing the service center and wholesaler to serve the Gulf Coast region from Texas to Florida, the release said.
Sabel Steel serves the southern US through its nine steel service centers across Alabama, Georgia, Louisiana, and Texas, stocking a wide variety of products including steel sheet and plate. Founded in 1856, Sabel also operates two scrap yards, a rebar fabrication division, and a wholesale center.
By David Schollaert, david@steelmarketupdate.com
 
			    			
			    		David Schollaert
Read more from David SchollaertLatest in Service Centers
 
		                                Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
 
		                                Olympic Steel taps Norred for GM role in Georgia
Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.
Nova Steel acquires Sheffield Steel Products
Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.
 
		                                Jack Biegalski joins Esmark Steel Group as CEO
Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.
 
		                                Casey to lead Olympic’s manufactured metal products business
National service center chain Olympic Steel has made an internal promotion to fill the newly created role of director of manufactured metal products.
