Service Centers

Lee Steel Enters Purchase Agreement with Union Partners
Written by Sandy Williams
August 20, 2015
Lee Steel has sold all of the assets of its Wyoming, MI operations (Grand Rapids facility) and its working capital assets at the Romulus, MI facility to Union Partners I LLC, an affiliated group of service centers. The Romulus facility will be consolidated into the Wyoming facility and there will be no interruption in service to Lee Steel customers. Lee Steel will continue its distribution capabilities in the Detroit area as a complement to its Wyoming operations.
The Union Partners, an investment holding company focused on metals and logistics industries, includes among its service centers Lexington Steel Corporation, LexWest, LLC, Lex South, LLC, Mapes & Sprowl Steel LLC, Chicago Steel Holdings LLC, JIT Steel Services LLC, Opus Metals LLC, and other strategic alliances in the metals and logistics industries.
“We are pleased to be a part of the Union Partners group of companies,” said Zachary Taylor, CEO of Lee Steel, “and are appreciative of the ongoing support of our customers, employees, and vendors. This is the dawn of a new day for Lee Steel, and the entire Lee team is excited about the future.”
Lee Steel, which has 35 employees, will continue to be operated as an ongoing, top-tier service center under Union Partners.
Lee Steel supplies flat rolled coil and blanks primarily to the furniture, automotive, and tubing industries. Steel types include hot rolled, cold rolled, and coated products, with a specialty in supplying Exposed painted and electrogalvanized steel.
At its facility in the Grand Rapids, MI area, Lee Steel has a Herr Voss Strand Extensioner slitting line, as well as a Red Bud multi-blanking line with a Stretcher-Leveler. Both lines can run exposed material.

Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers

Olympic opens new Houston facility for Action Stainless unit
Olympic Steel has opened a new facility in Houston to support its Action Stainless business.

Worthington Steel sees demand improvement after earnings slump
Lower volumes and steel prices dampened Worthington Steel’s profits, but market momentum is building, the metals processor said in its most recent quarterly earnings report.

Galvanized buyers see strong demand, but uncertainty lingers
Demand is up, but tariffs raise concerns

Olympic taps Zito for new VP of development role
Cleveland-based Olympic Steel Inc. has promoted Scott M. Zito to the newly created role of vice president of business development. Zito has been with the company for more than 40 years.

Worthington Steel and Samuel to close Cleveland coil processing JV
Worthington Steel confirmed it is closing the Worthington Samuel Coil Processing (WSCP) facility in Cleveland. WSCP is a joint venture between Worthington Steel and Oakville, Ontario-based Samuel, Son & Co.