Service Centers
Steelco USA Acquires Douglas Steel Assets
Written by Tim Triplett
May 14, 2018
In a strategic purchase that expands its production capabilities in the Southwest, SteelCo USA has acquired certain assets of the former Douglas Steel Supply, based in Vernon, Calif. The assets acquired in the agreement include multiple large-scale production lines, material handling equipment, vehicles, tooling and inventory.
“The addition of this equipment to SteelCo USA’s existing production operations marks a significant step forward in our ability to provide our customers with the breadth and depth of processing services they need, while maintaining the level of quality and speed of service that they expect,” said Tim Miller, VP/General Manager of SteelCo USA, Chino, Calif.
The equipment acquired by SteelCo includes: three 60-inch-wide precision multi-blanking lines from Red Bud and Herr Voss, a Stamco/Wean 60-inch-wide slitting line with multiple off-line slitting heads, a 51-inch-wide Stamco slitting line, multiple overhead cranes and Cincinnati shears. The company is in the process of relocating the equipment to its Chino and Rialto, Calif., facilities.
SteelCo USA, founded in 2007, is a division of West Coast Steel & Processing.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Gilmore upbeat on year two as standalone Worthington Steel
Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.
Worthington Steel’s earnings improve despite sales slide
Depressed demand and weak prices drove Worthington Steel’s second fiscal quarter results to a sequential decline.
O’Neal Steel taps Jodi Parnell as top executive
Jodi Parnell has been named president and CEO of Birmingham, Ala.-based service center group O’Neal Steel.
Russel closes on Tampa Bay Steel deal
Russel Metals Inc. has closed on its buy of Tampa Bay Steel.
Worthington Steel inks deal for controlling stake in Italy’s Sitem
Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.