Good Alliance for Siskin

Reliance Steel subsidiaries Siskin Steel, Chattanooga, Tenn., and Good Metals Co., Wyoming, Mich., have created Siskin-Good Metals Co., a separate company to be operated within Siskin Steel’s Tennessee location. The new combined company was created in response to the increasing number of automotive manufacturers moving to the Southeast.

Through the combination, Siskin-Good Metals will sell the tool steel products that Good Metals has been delivering to the automotive industry in Michigan since 1947. Company officials say Siskin-Good’s expansive plate and bar inventory can quickly supply the needs of tool and die makers and distribution markets from the Chattanooga facility.

“They’ve decided there was a need for that in the area and it would be a really good fit,” says Kim Feazle, director of investor relations for Reliance Steel and Aluminum Co. Both companies are subsidiaries of Reliance.

Good Metals is one of a handful of companies that can take raw mill plate and convert it into pre-finished plate and flat bar products, officials say. Good Metals and Siskin Steel will continue to conduct business separately with no changes to their operations.

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Saturday, July 22, 2017