Service Centers
NIM Group Closes Acquisition of Plateplus Plant in Colorado
Written by Tim Triplett
March 1, 2022
NIM Group has acquired Plateplus Inc.’s Windsor, Colo., plant, further expanding the product lines and processing capabilities of the family-owned network of service centers.
“We are pleased to welcome the Windsor team to the NIM Group family,” NIM Group president and COO Arnie Robinson said. “This facility is a great fit to continue our growth and investment in the Western United States.”
Plateplus supplies hot-rolled steel coil, sheet and plate from six service centers strategically located throughout the U.S. Its Windsor plant processes hot-rolled steel coils into sheet and plate products.
NIM Group is the parent company of Norfolk Iron & Metal, Metalwest and Cd’A Metals. Combined, they operate 17 locations nationwide with daily deliveries to customers in 30 states.
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Miami Valley Steel Service announces personnel changes
The Piqua, Ohio-based service center announced the retirement of its CFO and other personnel changes.
October service center shipments and inventories report
Flat rolled = 63.4 shipping days of supply Plate = 52.4 shipping days of supply Flat rolled shipments and inventories Flat-rolled steel supply at US service centers remains seasonally high. October inventories increased after edging lower in September – a dynamic driven largely by disappointing demand. October’s report reflects lower demand and stable lead times […]
Russel Metals to acquire Tampa Bay Steel
Tampa Bay Steel, a Florida-based steel distributer and metal processer, generated average annual revenues of about US$115 million
Friedman swings to loss amid ‘challenging’ market
Friedman Industries swung to a loss in its fiscal second quarter ended Sept. 30 amid “challenging” business conditions.
Worthington Steel taps Larivey as flat-rolled steel president
Worthington Steel has named Cliff Larivey as the company’s president of flat-rolled steel processing, effective Dec. 1. He will replace Jeff Klingler, who had been performing the role for the past year.