Service Centers
Alro Acquires Metal Stock, Extends Reach in Mid-Atlantic
Written by David Schollaert
September 2, 2021
Alro Steel Corp. has acquired Metal Stock, a Philadelphia-based service center and distributor of steel and plastic products. This asset purchase will allow Alro to grow its customer base while providing improved service for cut-to-size metals and plastics, the company said.
Established in 1994 as a full-service metal distributor, Metal Stocks serves Eastern Pennsylvania, New Jersey, and Delaware. The acquisition strengthens Alro Steel’s reach in the Mid-Atlantic and beefs up its position across the Keystone state.
Jackson, Mich.-based Alro is North America’s seventh largest metals processor with revenues of $1.9 billion in 2020. The company operates more than 70 locations in 12 states, distributing a full range of metals, industrial supplies and engineering plastics. Alro has a tailor-made, cut-to-size offering for metals and plastics with next-day delivery to 25,000 customers in North America.
David Schollaert
Read more from David SchollaertLatest in Service Centers
Reliance taps Stotlar to be new board chair
Reliance Inc., the largest service center chain in North America, has picked Douglas Stotlar to be the next chairman of its board. The move will be effective Jan. 1, 2025. Mark Kaminski, the current chair, will then step down from that role but will remain on the board.
Flack Global Metals closes on Pacesetter deal
Flack Global Metals (FGM) has closed on its majority ownership stake in Pacesetter Steel Service.
Worthington Steel profits fall amid lower prices, volumes
Worthington Steel’s earnings tumbled in its fiscal first quarter of 2025. The company cited a drop in selling prices and tons sold for the sales dip for the three months ended Aug. 31.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Triple-S Steel buys West Coast distributor Borrmann Metals
Triple-S Steel Holdings has acquired West Coast steel products distributor Borrmann Metals Co.