Service Centers
Owen Industries Acquires Omaha Steel
Written by Tim Triplett
November 8, 2021
Owen Industries, a service center, processor and fabricator of steel sheet and plate based in Carter Lake, Iowa, has acquired the assets of Omaha Steel, a steel foundry in Wahoo, Neb.
The acquisition includes a newly built foundry facility that gives Owen Industries the opportunity to expand its offerings into the design and production of innovative casting solutions for the industrial, commercial, nuclear, energy and bridge sectors in the central U.S.
Owen Industries is the parent company of PVS Structures, PVS Metals, NPS Metals, MVS Metals and NP Finishing. Scrap steel produced through the operations of these divisions will be utilized by Omaha Steel to melt and produce castings. The merger with Omaha Steel will also allow Owen Industries to expand its customer base in steel procurement and processing.
Owen Industries traces its roots to its founding firm Paxton & Vierling Iron Works in 1885. At the time, the company offered iron fabrication and iron castings from a foundry on South 17th Street in downtown Omaha.
“With this acquisition, we proudly return to our humble beginning, while looking forward to a bright and productive future,” said President and CEO Tyler Owen.
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Reliance reports record tons sold in Q1
A factor in the sales was customers buying ahead of tariff-related price increases.
Galv buyers notched strong Q1, but see uncertainty on the horizon
Participants on the HARDI Sheet Metal/Air Handling Council call said underlying demand is solid but there are slower pockets in some markets.
GM names Worthington a 2024 Supplier of the Year
This is the Ohio-based steelmaker’s fourth time winning the award.
Olympic taps Hegler for GM role at Action Stainless
Olympic Steel has named Alex Hegler as general manager for its Action Stainless facility in Rock Hill, S.C.
Olympic opens new Houston facility for Action Stainless unit
Olympic Steel has opened a new facility in Houston to support its Action Stainless business.