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Macsteel Service Centers USA is in the Headlines

For the latest news from Macsteel USA, select from the list of news releases below:

"Click here to view: Macsteel Shining Stars"

Article: Saved by the Belt Award.pdf
 4/29/11 ...Klöckner Press Release MSCUSA Acquisition Completed
4/04/11 ...Lakeland Florida Distribution Center
2/28/11 ...Steel Coil Services Acquisition
01/20/11 ...Klöckner & Co intends to acquire Macsteel Service Centers USA
01/20/11 ...Announcement from Eric Samson
11/1/06 ...The 'Man of Steel' Eric Samson
10/4/05 ...Macsteel Service Centers USA expands capabilities in Midwest - Acquires Alpha Processing, Inc.
4/19/05 ...Macsteel Service Centers USA Expands Presence in Midwest - Acquires Alpha Steel
3/1/05 ..."Macsteel on the Acquisition Trail" - Modern Metals
2/1/05 ...Hokin-Katz Takes on Macsteel Name
1/1/05 ..."The Strength of Samson" - FORWARD
5/1/04 ..."Systematic Approach to Growth" - Metal Center News
2/2/04 ...Macsteel USA Acquires Hokin-Katz
3/3/03 ...Macsteel USA Acquires Regal Steel
9/30/02 ...Macsteel USA Acquires Baldwin Steel
6/5/02 ...Certain Assets of Baldwin Steel
 

Klöckner Press Release MSCUSA Acquisition Completed

Klöckner & Co SE acquires Macsteel Service Centers USA and evaluates itself into the top 3 steel distributors and service centers in North America.

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Lakeland Florida Distribution Center

Newport Beach, CA — (April 1, 2011) —Macsteel Service Centers USA expands its business operations in the Southeast with the opening of a new 60,000 square foot distribution center in Lakeland, Florida. The Lakeland facility will service the state of Florida. The facility stocks a full range of ERW pipe in Grades A, B and seamless. Future plans call for the product line to include flat rolled products.

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Klöckner & Co intends to acquire Macsteel Service Centers USA

Steel Coil Services Acquisition

Newport Beach, CA — (February 28, 2011) —Macsteel Service Centers USA is pleased to announce the acquisition of the assets and business of Steel Coil Services in Catoosa, Oklahoma, a subsidiary of United States Steel Corporation (NYSE: X). Michael Hoffman, President & CEO, Macsteel Service Centers USA said,” We are excited at the prospect of adding to our presence in the area by way of increasing our flat product processing capability. The management and employees of Steel Coil Services will be a welcome addition to our team, adding a new dimension in processing capability. It is also gratifying to expand our relationship with U. S. Steel by continuing to provide services to our mutually esteemed customers in the region.”

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Klöckner & Co intends to acquire Macsteel Service Centers USA

Duisburg, Germany, January 19, 2011 – The Boards of Klöckner & Co SE and Macsteel Global B.V. are very pleased to announce that a Memorandum of Understanding (MOU) has been signed for the acquisition of Macsteel Service Centers USA (“MSCUSA”) by a US subsidiary of Klöckner & Co SE (Klöckner USA Holdings). The effective date of the transaction is planned to be the 1st of January 2011 and the final agreement is expected to be signed and closed in the beginning of the second quarter 2011. The transaction will be subject to the approval of the Board of Directors of both Parties as well as the Supervisory Board of Klöckner & Co SE and the antitrust authorities. Gisbert Ruehl, Chairman of the Executive Board of Klöckner & Co SE “This acquisition would be an excellent strategic combination that will provide a platform for our future growth in North America. With the acquisition of Macsteel Service Centers USA, we would more than double our sales in the US, expand our geographical coverage and our product portfolio significantly. With that, we would expect to become one of the top three in the US steel distribution and service center industry with a meaningful spread of carbon steel products.”

Eric Samson will remain as the non-executive Co-Chairman of MSCUSA and join the Board of Klöckner USA Holdings in a non-executive capacity. Michael Hoffman will remain the President and CEO of MSCUSA and will also join the Board of Klöckner USA Holdings in an executive capacity and is intended to become the CEO of the combined business. Bill Partalis will continue in his capacity as CEO of Namasco Inc and will become President of the combined business.

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 Announcement From Eric Samson

The Macsteel Group has been evaluating various opportunities over the past 3 years in particular, mostly in the USA. We have looked at a number of potential acquisitions, and in the course of this activity, we were approached by Klöckner & CO of Germany.

It became clear that there are substantial benefits to be had in combining the activities of Macsteel Service Centers USA Inc and those of the Klöckner Group in the USA (trading as Namasco). Discussions have resulted in the proposed transaction outlined in the attached announcement.

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The 'Man of Steel' Eric Samson

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.

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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.

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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.

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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.

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"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."

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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..."

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"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."

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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.

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