Service Centers

Norfolk Iron & Metal to buy Pennsylvania service center
Written by Stephanie Ritenbaugh
January 6, 2025
Norfolk Iron & Metal is acquiring Pennsylvania-based service center Straub Metal International for an undisclosed amount.
The deal will expand Norfolk’s stainless steel sheet and coil product lines, the company said.
Straub Metal, located in Ashley, Pa., is a family-run business founded in the 1970s.
“As a family-run business, Straub Metal is a great fit to continue our growth and investment throughout the United States,” Arnie Robinson, president and COO of Norfolk Iron & Metal, said in a statement.
Nebraska-based Norfolk provides value-added metals processing services and distributing, primarily carbon steel, stainless steel, and aluminum.
Abrahams Kaslow & Cassman LLP is acting as legal counsel and Headwall Partners LLC as buy-side adviser to Norfolk. Ballar Spahr LLP is acting as legal counsel and Mufson Howe Hunter & Company LLC is acting as sell-side adviser to Straub Metal.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest 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.