Steel Technologies decided to acquire a competitor

Steel Technologies LL, a leading manufacturer of steel products in North America, has announced its decision to acquire Stripco. The deal has received government approval and is expected to be completed in May.

Stripco, formed in 1984, continues to expand its processes to include pickling, slitting, cold rolling, annealing, edging and other processing. Stripco was the first company in the United States to install an Eco Pickling System, providing environmentally friendly production and superior surface quality.

Jack Heeler, CEO and Owner of Stripco, comments: "We believe that the acquisition of our business by Steel Technologies will bring even more value to our partners." Stripco's processes generate more than $ 100 million in revenue per year. For this money, you can definitely buy an aerial platform or other special vehicles. “Stripco has an excellent reputation with customers and a proud history of innovation,” said Mike Carroll, President and CEO of Steel Technologies.

Headquartered in Louisville, Kentucky, Steel Technology has a wide geographic network of operations to supply high value-added products and services. The company is focused on a high level of customer service. Acquisition

Stripco will expand the North American Steel Technologies platform to 25 facilities, including joint ventures located in the United States, Canada and Mexico.
Steel Technology is a 50/50 joint venture between Nucor Corporation of North America and Mitsui & Co. (USA), a subsidiary of Mitsui & Co, Ltd, based in Tokyo, Japan.