Service Centers
Alro Steel Purchases CS&W Facility in Milwaukee
Written by Sandy Williams
January 15, 2019
Ryerson Steel has sold a Central Steel & Wire facility in Milwaukee to Alro Steel for $7.1 million. CS&W was acquired by Ryerson in July.
In its third-quarter 2018 earnings report, Ryerson stated it expected to receive about $10.5 million in proceeds from the sale of two midwestern CS&W facilities after consolidating operations into existing Ryerson locations.
The 6th Street CS&W facility is located on 10 acres and includes a 108,000-square-foot building assessed at $2.9 million, according to city records.
Alro Steel, headquartered in Michigan, is a distributor of metals, industrial supplies and plastics with locations in 12 states. Alro currently has two metals division facilities in Wisconsin, one outside of Milwaukee in Wauwatosa and the other in Oshkosh.
Sandy Williams
Read more from Sandy WilliamsLatest 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.