Service Centers
December 17, 2015
Flack Steel Acquires Non-Physical Assets of CMP
Written by Sandy Williams
Flack Steel has closed the deal on acquisition of selected assets of Consolidated Systems, Inc.’s (CSi) Consolidated Metal Products (CMP) business. The acquisition expands Flack Steel’s penetration into the bare and painted hot-rolled and cold-rolled carbon steel, galvanized, stainless steel and aluminum markets. CMP provides metal processing for construction, transportation, HVAC, lighting, appliance and other OEM industries.
The deal with CSi includes the working capital and nonphysical assets of CMP including the trade name, Consolidated Metal Products. CMP President Brad Pemberton will join Flack Steel as part of the acquisition. Flack Steel will also absorb the approximately 25 employees operating in the Columbia, S.C., office, bringing their purchasing, sales, quality and marketing expertise to Flack.
