Service Centers
August 27, 2013
Pritzker to Acquire TMS International Corp—Parent of Tube City IMS
Written by Sandy Williams
The Pritzker Organization, LLC will acquire TMS International Corp. in a $1 billion cash transaction.
TMS, a global provider of raw material procurement services to the steel industry, provides mill services at 81 customer sites in 12 countries and operates 36 brokerage offices on five continents. TMS is a partner with Onex Corporation which holds 60 percent of the outstanding shares of TMS common stock. TMS subsidiaries include Tube City IMS Corporation, the largest provider of outsourced raw materials for North American steelmakers.
