TMS International Expands Through Stein Acquisition
01/05/2021 - Mill services contractor TMS International is bolstering its U.S. footprint, acquiring Cleveland, Ohio-based Stein LLC and Stein Steel Mill Services LLC for an undisclosed amount, the company has announced.
“We are very excited to welcome Stein into the TMS organization,” said Raymond Kalouche, TMS president and chief executive. “Stein has a long and distinguished history in our industry and nicely complements our existing services that we provide to world class steelmakers throughout the U.S.”
Stein, which has customers in Alabama, Illinois, Indiana, Ohio, Oklahoma, Pennsylvania and South Carolina, offers a range of mill services such as slag removal and metallics reclamation, scrap handling, scrap management, recycling, raw material screening, material handling, and maintenance and repair services.
TMS said Stein will, for the time being, continue to operate under its own name.