Reibus closes down its online metals marketplace

“As Reibus continues to evolve, we’ve made the decision to close our metals sales division and focus our energy and innovation on growing Reibus Logistics,” the company wrote in an email. “While this marks the end of one chapter, we are excited about what lies ahead and how we can continue serving the industry in new and impactful ways.”

It added: “Reibus Logistics remains fully operational and ready to serve.”

Employees were informed of the decision a week earlier. On LinkedIn, several expressed feelings of gratitude for having been part of building something innovative and exciting, as well as sadness at the platform’s closure.

Hannah McNicholas, a senior national sales representative, said the news hit hard, likening it to a breakup. “I poured myself into this company,” she wrote. “I know I’m not alone in that — I worked with so many teammates who did the same.”

“After an incredible chapter, I’ve officially wrapped up my time at Reibus,” wrote Chris Shipp, who was most recently the company’s president and remains a valued instructor of SMU’s Steel 101 courses. “I’m grateful for the opportunity to work alongside some of the sharpest minds in the industry and help drive innovation in the metals space. It’s been a rewarding experience that sharpened my perspective on leadership, growth, and resilience. … Onward!”

“Wow — what a journey,” commented Paul Carrodus, who was one of the first three employees at Reibus and, most recently, director of business development. “Here’s to chasing big dreams and building bold things.”

SMU has also been told CEO Jared Rowe is no longer with the company. A request for comment was not returned by this story’s publication.