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
Worthington Steel set to move HQ across town
Worthington Steel is preparing to move its corporate headquarters to the Easton area of Columbus, Ohio.
Reliance reports record tons sold in Q1
A factor in the sales was customers buying ahead of tariff-related price increases.
Galv buyers notched strong Q1, but see uncertainty on the horizon
Participants on the HARDI Sheet Metal/Air Handling Council call said underlying demand is solid but there are slower pockets in some markets.
GM names Worthington a 2024 Supplier of the Year
This is the Ohio-based steelmaker’s fourth time winning the award.
Olympic taps Hegler for GM role at Action Stainless
Olympic Steel has named Alex Hegler as general manager for its Action Stainless facility in Rock Hill, S.C.