Steel Technologies to Buy Calstrip

Steel Technologies, Louisville, Ky., has agreed to purchase the assets of Calstrip Industries, Inc., expanding Steel Technologies’ North American steel processing platform to 31 facilities, including joint-venture operations, located throughout the United States, Canada and Mexico. The transaction is expected to close late this month.

Calstrip – a flat-rolled processor with operations in California, New Mexico, Texas and Arkansas – has developed a strong business model focused on contract business with complex supply-chain and inventory management for just-in-time deliveries. It offers flat-rolled low-carbon and high-carbon steel, stainless steel, galvanized, pre-painted and aluminum for such end markets as appliance, electrical lighting, construction, HVAC and automotive.