Service Centers
August 20, 2015
Lee Steel Enters Purchase Agreement with Union Partners
Written by Sandy Williams
Lee Steel has sold all of the assets of its Wyoming, MI operations (Grand Rapids facility) and its working capital assets at the Romulus, MI facility to Union Partners I LLC, an affiliated group of service centers. The Romulus facility will be consolidated into the Wyoming facility and there will be no interruption in service to Lee Steel customers. Lee Steel will continue its distribution capabilities in the Detroit area as a complement to its Wyoming operations.
The Union Partners, an investment holding company focused on metals and logistics industries, includes among its service centers Lexington Steel Corporation, LexWest, LLC, Lex South, LLC, Mapes & Sprowl Steel LLC, Chicago Steel Holdings LLC, JIT Steel Services LLC, Opus Metals LLC, and other strategic alliances in the metals and logistics industries.
