Service Centers
June 24, 2019
SteelSummit Acquires Magic Steel Sales
Written by Sandy Williams
SteelSummit Holdings, a national metals service center and trading company, has acquired Magic Steel Sales.
Magic Steel Sales is a supplier of cold rolled, hot rolled, and coated slit steel products to customers in the eastern United States. The company operates service centers in Grand Rapids, Mich., and Decatur, Ala., and posts sales of approximately $200 million annually. The acquisition expands SteelSummit’s markets and geographical diversity with minimal customer overlap while providing a platform for further strategic growth, said CEO Todd Rollins.
