Service Centers

Steel Warehouse set to invest $20M in Tennessee expansion

July 11, 2024

Steel Warehouse plans to expand in Jefferson City, Tenn., with an investment of ~$20 million.

The South Bend, Ind.-based service center and steel processor has bought the former Footwear Industries of Tennessee building, according to a press release from the Tennessee Department of Economic and Community Development.

The building in Jefferson City, ~30 miles from Knoxville, Tenn., will be retrofitted to accommodate its new purpose.

The project intends to create more than 70 new jobs with an investment of nearly $20 million in “innovative equipment, which will support their strategic partners in the construction equipment, agriculture, lawn and garden, and truck and trailer industries.”

“We are incredibly grateful to the Jefferson City community and our strategic partners for their unwavering support as we embark on this exciting expansion,” Ted Lerman, CEO of Steel Warehouse, said in the release.

Since starting in 1947, the company has expanded to 15 locations across the US, Mexico, and Brazil. Steel Warehouse serves various industries, including aerospace, agriculture, automotive, construction, energy, and transportation.

Ethan Bernard

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.