Acquisition Deepens Flat-Rolled Distributor's Footprint
03/25/2021 - U.S. flat-rolled distributor Mill Steel Co. has acquired the commercial assets of a California-based steel trading and seller of pre-painted and coated coil products.
In a statement, Mill Steel said its acquisition of Prassas Metal Products will strengthen its geographic footprint. As part of the deal, Mill Steel will immediately assume steel processing and supply for Prassas’ broad array of construction industry customers in the southeastern, mid-southern and western United States, the company said.
"When favorable opportunities such as this present, our aggressive acquisition strategy allows us to transact quickly to the benefit of our customers," said Mill Steel president and chairman Pam Heglund.