Friedman Industries buys Century Metals and Supplies 

The Longhorn, Texas-based steel manufacturer and processor acquired Century Metals’ owned facilities in Miami. It also included the leased distribution and warehouse facilities in Orlando and Tampa, Fla., in the sale.

Century Metals equipment and working capital were part of the same sale.

President and CEO of Friedman, Michael Taylor, lauded operations at Century Metals.

“Century Metals has a strong track record and a respected brand, led by a seasoned management team that will continue to operate the business as a subsidiary,” Taylor said in a statement.

Taylor noted that Friedman strategically benefits from the acquisition because it is expanding its reach in the southeastern US and Latin American markets.

He continued, “Together, we will build a more robust and competitive organization, combining the strengths of both companies to ensure long-term success.”

The CEO says Friedman’s purchase enhances its core hot-rolled business and adds coil-slitting capabilities. Additionally, the company expands its brand portfolio by adding cold-rolled, coated, stainless steel, and non-ferrous materials to its offerings.

“This acquisition provides Friedman with strategic access to the growing residential and corrosion-resistant markets,” Taylor added.

The acquisition price is not public at the time of this story. Friedman used Norton Rose Fulbright as its legal advisor and Montrose Advisors served as its financial advisor.