Metals USA Announces Completion of Two Acquisitions
05/22/2006 -
May 22, 2006 — Metals USA, Inc. announced completion of its acquisition of the assets and business operations of Port City Metal Services, Inc. located in Tulsa, Okla. Port City is a value-added processor of steel plate, using laser cutting, plasma and oxy-fuel burning, braking and rolling, drilling and machining, and welding to service its customers. This single-site business will become part of Metals USA’s Plates and Shapes Group.
In addition, on May 12 the company acquired the assets and business operations of Dura-Loc Roofing Systems Limited. With its manufacturing facility located near Toronto, Ont., the Dura-Loc acquisition provides Metals USA’s Building Products Group with the ability to manufacture and distribute stone coated metal roofing products to the eastern half of North America.
Metals USA provides a wide range of products and services in the heavy carbon steel, flat-rolled steel, specialty metals, and building products markets.