Service Centers
Jemison Metals to buy Advance Metal Components
Written by Ethan Bernard
March 8, 2024
Jemison Metals has announced a definitive agreement to buy Advanced Metal Components Inc.
The Birmingham, Ala.-headquartered supplier of flat-rolled products said the transaction is scheduled to be completed on or before March 29. Further terms of the deal were not disclosed.
“We are thrilled to welcome Advanced Metal Components into the Jemison Metals family,” Craig Mathiason, CEO of Jemison Metals, said in a statement on March 6.
Advanced Metal Components is precision sheet metal manufacturer located in Swainsboro, Ga. Jemison said the buy is a sign of the company’s growth and diversification within the metal sector.
“I am excited about the opportunities that the acquisition by Jemison Metals will provide our customers and our employees,” said Doug Brown, president of Advanced Metal Components.
“I am looking forward to my new role in operating the Jemison Metals facility in Swainsboro,” he added.
Ethan Bernard
Read more from Ethan BernardLatest 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.