Steel Product Producers

Charter Manufacturing buys Niles Iron & Metal
Written by Ethan Bernard
July 30, 2024
Charter Manufacturing, a diversified metals manufacturer, has agreed to buy regional scrap metal recycler Niles Iron & Metal Co.
Further terms of the deal were not disclosed by Brown Gibbons Lang & Co. (BGL), which served as the exclusive financial advisor to Niles Iron on the transaction.
Niles Iron has two locations in Niles, Ohio. One yard is dedicated to the purchase, processing, storage, and transportation of all grades of iron and steel scrap. The other focuses on nonferrous metals.
Mequon, Wisc.-based Charter has more than 2,300 employees across its corporate location and businesses.
“The deal is unique in today’s modern age because it brings together two fourth-generation privately held companies,” BGL said in a statement on Tuesday. “The new partnership will allow both companies to continue their family legacy while benefiting from existing synergies between Niles Iron and Charter Manufacturing.”

Ethan Bernard
Read more from Ethan BernardLatest in Steel Product Producers

Fabricator Merrill Steel building $32M+ facility in Arkansas
Steel fabricator Merrill Steel will spend over $32 million to construct a manufacturing facility Osceola, Ark.

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill 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.

Zekelman Industries creates VP role to accelerate AI adoption
To drive the company-wide adoption of artificial intelligence, Zekelman Industries has created a new role – Vice President of AI and Innovation – and hired Jason Pappas to fill it.

Mill Steel relocating Texas facility to Port of Houston
Mill Steel Co. announced it is relocating its Houston operations to a bigger facility at the Port of Houston.