Steel Technologies to Acquire Stripco

Formed in 1984, Stripco has continued to expand its value-added processes, which include pickling, slitting, cold rolling, annealing, oscillating, and edging. Stripco was first in the U.S. to install the Eco Pickling System (“EPS”), an environmentally friendly and superior quality pickle line that produces a clean, consistent surface. Stripco processes and ships over 100,000 tons with revenue exceeding $100 million annually.

“Stripco has an excellent customer-oriented reputation and proud history of innovation,” said Mike Carroll, President and CEO of Steel Technologies.  “They have continued to make strategic investments geared toward providing outstanding products and services to their customers. Jack Hiler and his leadership group have built a great company, and Steel Technologies is excited to align with the Stripco team.” Jack Hiler, CEO and owner of Stripco, commented, “Stripco’s goal has always been to increase value to customers by building lasting relationships and maintaining proper stewardship. We believe our acquisition by Steel Technologies will bring even more value to all of our partners.”