Service Centers

Triple-S Steel buys West Coast distributor Borrmann Metals
Written by David Schollaert
September 17, 2024
Triple-S Steel Holdings has acquired West Coast steel products distributor Borrmann Metals Co.
The deal includes Borrmann Metals’ assets in Burbank and Riverside, Calif., and in the Phoenix area. The company was previously a subsidiary of Contractors Steel Co.
Further terms were not disclosed.
“We are excited to welcome the Borrmann business into the Triple-S family,” said Gary Stein, CEO of Triple-S.
Stein said Borrmann’s location and services are “highly complementary” to Triple-S Steel’s Intsel Steel West and Maas-Hansen businesses.
“We will put the needed investment in equipment, inventory, and technology into the operations to take advantage of these opportunities we see in the West,” he added.
A West Coast steel distributor, Borrmann Metals stocks plate, pipe and tube, merchant bar, and non-ferrous products.
Houston-based Triple-S Steel is a privately owned steel service center with more than 60 locations in the US, Canada, and Colombia.
Sheppard Mullin served as legal advisor, and Montrose Advisors served as financial advisor to Triple-S in this transaction.

David Schollaert
Read more from David SchollaertLatest in Service Centers

Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.

Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.

Olympic Steel earnings slump in ‘challenging’ first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.

Olympic taps Scott for board, Rippey steps down
Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.

Ryerson narrows loss in first quarter
Ryerson's net loss shrinks in first quarter.