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

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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