Service Centers

BICO Steel Closes Acquisition of Integrity Fab and Machine
Written by Becca Moczygemba
October 27, 2022
BICO Steel has acquired Integrity Fab and Machine Inc. (IFABM), further expanding its processing and fabrication capabilities.
BICO is a processor of heavy carbon steel plate and forged specialty alloy steel in Mogadore, Ohio, providing die casting, fabrication, machining, and other processes that serve various end-use segments.
The addition of Breckenridge, Mich.-based IFABM, which specializes in custom fabrications, die sets, plate, and parallels, enables BICO to satisfy growing customer demands.
“We couldn’t have found a better fit for BICO than IFABM. Kirk, Rollie and Trent have long histories serving the tool and die/metal stamping and agricultural industries and have built an envious market position with IFABM. The combined capabilities of the two companies will allow us to serve the growing demand we see from customers in a variety of steel related end markets,” said John Frazier, CEO of BICO.
By Becca Moczygemba, Becca@SteelMarketUpdate.com

Becca Moczygemba
Read more from Becca MoczygembaLatest in Service Centers

Ryerson swung to loss in ’24, but saw fortunes improve over the last month
Ryerson swung to a loss in the fourth quarter, but has seen a turnaround in the last 30 days.

Despite policy uncertainty, Reliance upbeat on ’25
Reliance noted that it is about 95% domestically sourced.

Russel Metals posts solid quarter, doesn’t expect direct impact from tariffs
Russel Metals said on Thursday that it doesn’t expect to be directly impacted by US tariffs on Canadian steel. The Mississauga, Ontario-based distributor made the comments in its quarterly earnings report on Thursday. The company doesn’t export significant volumes to the US, it said, and thus doesn’t expect to be directly impacted. However, “The primary […]

Friedman logs quarterly loss amid ‘challenging conditions’
Friedman swings to a loss in its fiscal third quarter of 2025.

Tampa Steel Conference: Service centers more upbeat about 2025
If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.