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

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.

Russel Metals acquiring Kloeckner Metals centers to increase US presence
The seven facilities Russel agreed to purchase are located in Iowa, North Carolina, Georgia, Texas, and Florida.

Klöckner to sell seven US locations to Russel, one to Service Steel Warehouse
German service center Klöckner and Co. has agreed to sell seven of its US locations to Canadian service center Russel Metals Inc. for approximately $119 million, the companies said in press releases on Sunday.

Worthington Steel’s earnings, sales rise in fiscal Q1’26
Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.