Macsteel Service Centers USA Opens New Tucson Facility
Newport Beach, CA, May 17, 2007---
Macsteel Service Centers USA announced today the opening of its new $10 million
metals processing and distribution service center in Tucson, Arizona. The
company held a western-themed open house celebration on Thursday, May 17, 2007
for employees, customers, suppliers and local government officials to mark the
start up of the new facility in Tucson's Century Park research Center.
Macsteel Service Centers USA's
employees and plant officials greeted guests and took them on tours of the
73,400-square foot Greenfield facility which features technologically advanced
metals processing equipment. The facility processes and distributes carbon
and non-ferrous metals for customers throughout the Southwest U.S and Mexico.
Eric Samson showed signs he would make a great businessman while still at school.
After a cake sale at Parkview Junior , the principal announced that Samson had raised
the largest amount of money ever from selling biscuits and sweets - £19, 9s, 6d.
That was nearly 60 years ago. Since then the Macsteel Holdings co-chairman has
applied his entrepreneurial skills to building a formidable empire in steel
manufacturing and trading, and shipping, with a global footprint. He now presides
over the biggest unlisted company in SA - bigger by sales even than De Beers.
Macsteel Service Centers USA Announces Expansion to Tucson
Macsteel Service Centers USA, Inc.,
owned by the global steel company, Macsteel Holdings of South Africa announced
plans today for the construction of a new $10 million metals manufacturing and
distribution facility in Tucson, Arizona. Macsteel Service Centers USA plans to
hire 25 employees within the next few years, with possible expansion in the
future.
The new 73,400 square-foot
facility is scheduled to open in late 2006 and will be located on 8 acres.
The state-of-the-art facility will process and distribute a full array of
steel and non-ferrous products to customers in the Southwest U.S and Mexico.
The operations will include a significant capital investment in the most
technologically advanced metals processing equipment.
Macsteel Service Centers USA expands capabilities
in Midwest -
Acquires Alpha Processing, Inc.
Newport Beach, CA, October 4, 2005
-Macsteel Service Centers USA, Inc., announced today that it is expanding its heavy
gauge steel processing capabilities by acquiring the business and assets of Alpha
Processing, Inc. (API), located in Chicago, Illinois. Terms of the purchase were not
disclosed.
Alpha Processing, Inc. is owned by
Paul H. Athens and a group of investors. In April, Macsteel Service Centers USA
had acquired Alpha Steel, a large distributor of hot rolled plate and structural
steel products. The Alpha Processing acquisition adds heavy gauge cut-to-length
processing and shot blasting to Macsteel Service Centers' expanding portfolio of
products and services in the Midwest.
Macsteel Service Centers USA
expands presence in Midwest -
Acquires Alpha Steel
Newport Beach, CA, April 19, 2005
-Macsteel Service Centers USA Inc., announced today that it has acquired the
business and assets of PHA Steel, LLC, operating under the brand name Alpha
Steel, a privately owned steel service center located in Hammond, Indiana.
Terms of the purchase were not disclosed.
Alpha Steel will operate under its
existing name as part of Macsteel Service Centers USA Midwest Division. Their management will continue with the
Company.
"Macsteel on the
Acquisition Trail" - Modern Metals
Magazine
An excerpt
from Modern Metals Magazine - "The service
center powerhouse has reinforced its
brand name in the marketplace. Now it's
looking to add to its empire.
Macsteel Service Centers USA President
and CEO Michael Hoffman would like to
see this year be an extension of last
year's solid sales and upbeat market.
However, there will be one slight
difference: a few more acquisitions."
Hokin-Katz Takes on Macsteel
Service Centers USA Name
Newport Beach, CA, February 2, 2005 -
Macsteel Service Centers USA Inc., announced today that
its most recent acquisition, Hokin-Katz, a metals service center located in Los
Angeles, California, will now operate under the name Macsteel Service Centers
USA.
The newly named Los Angeles, CA plant specializes in close tolerance slitting
and precision blanking of high quality products including thin gauges, surface
critical coated and non-coated steel products and tin mill products, supplying
high end focused niche markets.
Michael Hoffman, Macsteel Service Centers USA President and CEO stated, As we
anticipated, Hokin-Katz has enhanced Macsteel's product offering and extended
our flat rolled customer base in the California market. We are delighted to
bring them under the Macsteel name."
Marshall Katz, Senior Vice President of the Los Angeles, CA plant stated,I
found the past months very exciting and challenging. It is indeed a compliment
to both management teams who joined forces, for with their combined effort they
have truly made Macsteel Service Centers USA the foremost metals distribution
name on the West Coast."
Macsteel Service Centers USA is one of the leading companies in the North
American metals service center industry. The company has a network of 30
locations, which includes the former Edgcomb Metals, Regal Steel, Baldwin Steel
and Ferro Union sites, all of which now operate as Macsteel Service Centers
USA. Macsteel Service Centers USA processes and distributes carbon, stainless,
aluminum and specialty metals to customers throughout North America and Puerto
Rico. Products include a full range of flat rolled, plate, tubing, pipe, bar
and structurals. The company also supplies a full range of steel building
products, coated and prepainted metals.
Macsteel Service Centers USA is headquartered in Newport Beach, CA and is owned
by the global steel company, Macsteel Holdings. ..
"The Strength of Samson" -
FORWARD Magazine
An excerpt from FORWARD Magazine - "The
Macsteel Holding Group, which operates in 39 countries worldwide, is undeniably
huge. Macsteel's service center activities, international trading in iron and
steel, and shipping account for more than 25 million tons annually, and total
revenue exceeds $6.4 billion. Even so, Macsteel, headquartered in South Africa,
has not yet begun to tap its full potential in North America, owner and founder
Eric Samson says. Most recently, the Group's focus has been finding ways to
build on Macsteel's many opportunities in the United States, Canada and
Mexico..."
"Systematic
Approach to Growth" -
Metal Center News
An excerpt from
Metal Center News Online - "Macsteel USA
leverages its size, systems and services
to satisfy a diverse and growing
customer base. With more than $1 billion
in sales expected this year, Macsteel
Service Centers USA, headquartered in
Newport Beach, Calif., is among the top
10 metals distributors in the United
States. That kind of dominance took 20
years to develop and is still a work in
progress, according to three of the
company’s top executives."
Macsteel Service Centers USA
Expands in California-
Acquires Hokin-Katz
Newport Beach, CA, February 2, 2004
-Macsteel Service Centers USA Inc., announced today that it has acquired the
business and assets of Hokin-Katz, a privately owned metals service center
located in Los Angeles, California. Terms of the purchase were not disclosed.
Hokin-Katz will operate under its existing name as a Macsteel Service Centers
USA facility. Their management will continue with the Company in their present
roles. The current flat rolled business of Macsteel Service Centers USA,
Western Division will be relocated to the Hokin-Katz operations.
Hokin-Katz specializes in close tolerance slitting and precision blanking of
high quality products including thin gauges and surface critical coated and
non-coated steel products, supplying high end focused niche markets. In
addition, they distribute the broadest variety of products to be found on the
West Coast.
Michael Hoffman, President and CEO of Macsteel Service Centers USA commented:
"Hokin-Katz is an excellent fit for our company. They not only enhance the
Macsteel Service Centers USA current product offering but also extend our flat
rolled customer base in the California market. We are pleased that the existing
employees will continue to operate the facility and become part of our Macsteel
team."
Marshall Katz, President and Co-Founder of Hokin Katz added: "I am elated with
the opportunity to join an organization with an eye to the future of the steel
service center industry. There is a perfect fit between the two companies since
neither currently competes with the other and the strong attributes of both
companies will be greatly enhanced."
The acquisition of Hokin-Katz follows on the heels of Macsteel Service Centers
USA's recent purchases of Baldwin Steel in 2002 and structural steel
specialist, Regal Steel in 2003. In June 2003, Macsteel expanded its presence
in Mexico with the establishment of a Greenfield site, Macsteel Service Centers
de Mexico.
Macsteel Service Centers USA is one of the leading companies in the North
American metals service center industry. The company has a network of 29
locations, which includes the former Edgcomb Metals, Regal Steel, Baldwin Steel
and Ferro Union sites, all of which now operate under one name, Macsteel
Service Centers USA.
Macsteel Service Centers USA processes and distributes carbon, stainless,
aluminum and specialty metals to customers throughout North America and Puerto
Rico. Products include a full range of flat rolled, plate, tubing, pipe, bar
and structurals. The company also supplies a full range of steel building
products, coated and prepainted metals.
Macsteel Service Centers USA is headquartered in Newport Beach, CA and is owned
by the global steel company, Macsteel Holdings.
Macsteel
Service Centers USA Expands in California-
Acquires Regal Steel Supply
CHICAGO, IL,
March 3, 2003 -Macsteel Service Centers USA Inc., announced today that it has
acquired the business and assets of Regal Steel Supply, headquartered in
Stockton, California. Terms of the purchase were not disclosed.
As a result of the acquisition, Regal Steel will operate as a Macsteel Service
Centers USA division, under its existing name. Current Regal management will
continue to operate the facility.
Regal Steel
Supply is currently owned jointly by the Corus Group and Birch Lakes
Investments, and is a Long Products service center. The company operates
facilities in Stockton and Fontana, California and maintains an extensive
inventory of beams and other structural products supplying building and
construction industries.
In announcing the acquisition, Michael Hoffman, CEO & President of Macsteel
Service Centers USA said, "We are most pleased to acquire Regal Steel as the
company closely aligns with our market focus and business units in California.
Regal enjoys an excellent reputation with its customers and suppliers. We are
looking forward to adding them and their innovative staff to our network and as
a result to further expand Macsteel's participation in the structural products
market.
On September 30,
2002, Macsteel Service Centers USA announced that it had acquired the business
and assets of Baldwin Steel Company.
Macsteel Service Centers USA is one of the leading companies in the North
American metals service center industry. Through its operating entities,
Edgcomb Metals Company, Ferro Union, California Steel & Tube, Baldwin Steel
and newly acquired Regal Steel, it operates 31 service centers, plants and
offices, servicing the majority of the U.S. market., Puerto Rico and Mexico.
The company processes and distributes a full range of carbon steel, general
line, stainless and aluminum flat rolled and specialty products to customers
throughout North America. These products include the manufacture of mechanical
tube and rolled-formed products; value added plate processing and prepainted
metals.
Macsteel Service Centers USA is owned by the global steel company, Macsteel
Holdings.
Macsteel
Service Centers USA Expands its Network-
Acquires Baldwin Steel Company
CHICAGO, IL,
September 30, 2002 -Macsteel Service Centers USA Inc., announced today that it
has acquired substantially all of the business and assets of Baldwin Steel
Company, headquartered in Laurence Harbor, New Jersey. Terms of the purchase
were not disclosed.
As a result of the acquisition, Baldwin Steel Company will operate as a
Macsteel Service Centers USA region, under its existing name. Current Baldwin
management will continue to operate the facilities.
Baldwin Steel Company is owned by the privately held Duferco Group, and is
full-line metals processor and service center. The company has served the U.S.
industry for more than 40 years and operates facilities in Tulsa, Oklahoma;
Houston, Texas; Memphis, Tennessee and Chicago, Illinois. Baldwin Steel
maintains an extensive inventory of value added and coated products supplying
most industries. Their processes include light gauge slitting, multi-cut
blanking and processing of prepainted and coated products. They also operate
numerous roll-forming machines.
According to Michael Hoffman, CEO & President of Macsteel Service Centers
USA, "The acquisition of Baldwin Steel fits well with our current operations.
It not only broadens our product range but also strengthens our market presence
in key geographic areas that complement our existing market reach. Furthermore,
we are excited to have added such an astute and talented management group to
our team."
Ben Sciortino on behalf of the Duferco Group commented, "We are pleased to
complete the sale of the Baldwin Steel business to our friends at Macsteel with
whom we have a close relationship throughout the world. This sale is consistent
with our U.S. strategy to focus more closely on growth initiatives in our other
businesses, most notably, our U.S. trading operation headquartered in New
Jersey and our steel production facilities at Duferco Farrell, located in
Farrell, PA."
On June 3, 2002, Macsteel Service Centers USA announced that it had acquired
certain assets of the Jersey City, NJ Division of Baldwin Steel Company. These
assets and the customer base were previously combined into Edgcomb Metals
Company.
Macsteel Service Centers USA is one of the leading companies in the North
American metals service center industry. Through its operating entities,
Edgcomb Metals Company, Ferro Union Inc., California Steel & Tube and newly
acquired Baldwin Steel, it operates 30 service centers, plants and offices,
servicing the majority of the U.S. market., Puerto Rico and Mexico. The company
processes and distributes a full range of carbon steel, general line, stainless
and aluminum flat rolled and specialty products to customers throughout North
America. These products include the manufacture of mechanical tube and
rolled-formed products; value added plate processing and prepainted metals.
Macsteel Service Centers USA is owned by the global steel company, Macsteel
Holdings.
Macsteel
Service Centers USA Acquires Certain Assets of
the Jersey City, NJ Division of Baldwin Steel Company
CHICAGO, IL, June
3, 2002 -Macsteel Service Centers USA Inc., through its wholly owned subsidiary
Edgcomb Metals Company, announced today that it has acquired certain assets of
the Jersey City, New Jersey Division of Baldwin Steel Company. The assets will
be incorporated into the Company's Eastern Region.
Baldwin Steel Company, headquartered in Laurence Harbor, NJ is a subsidiary of
Duferco Steel Inc. Baldwin Steel Company has four other steel service center
plants throughout the U.S. that will not be affected by this transaction. The
Jersey City Division has been in business for over 40 years and has been a
leading distributor and processor of flat rolled steel servicing the Northeast
U.S. markets.
The Baldwin Steel Jersey City assets and customer base will be combined with
Macsteel USA's wholly owned subsidiary Edgcomb Metals' state-of-the-art
facilities in Philadelphia, PA; Nashua, New Hampshire; York, PA and
Charlottesville, VA. Edgcomb has operated in the New England region of the U.S.
for 50 years and in the Philadelphia area for over 75 years, and is managed by
John Prouty, the Eastern Region's President.
"We are pleased with this acquisition as it supports our continued growth in
the Northeastern U.S. The Baldwin Jersey City Division's product line and
customer base is complimentary to Edgcomb's existing operations and we are
confident that the combination of our facilities will provide excellent service
to meet the current and future needs of its customers," said Michael Hoffman,
CEO and President of Macsteel Service Centers USA.
Macsteel Service Centers USA is one of the leading metals processors and
distributors in North America. Through its operating entities, Edgcomb Metals
Company, Ferro Union and California Steel & Tube, it operates 28 service
centers, plants and offices, servicing the majority of the U.S. market. The
company processes and distributes a full complement of carbon steel, general
line and specialty products as well as a comprehensive range of stainless steel
and aluminum flat rolled to customers throughout North America.
Macsteel Service Centers USA is owned by the global steel company Macsteel
Holdings.
Macsteel Service
Centers USA is in the Headlines