Service Centers

Triple-S Steel buys plate distributor Griffin Trade Group
Written by Ethan Bernard
May 10, 2024
Triple-S Steel Holdings has acquired Houston-based plate distributor Griffin Trade Group.
The deal was effective April 29, Triple-S said. Further terms were not disclosed.
“Obviously, our companies fit together well strategically, but what drew us to Griffin was the people, character, and values of the Griffin crew,” Gary Stein, CEO of Triple-S, said in a statement on May 8.
Griffin has stocking locations in Texas and Oklahoma and serves diverse end-markets nationwide.
Triple-S Steel, also based in Houston, was founded in 1960. The privately owned steel service center has over 60 locations in the US, Canada, and Colombia.

Ethan Bernard
Read more from Ethan BernardLatest 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.