Service Center News

TCI Precision Metals has installed a 42-inch CNC double-disc grinding center at its Gardena, Calif., facility. Technology advancements built into the new machine improve overall efficiency by more than 50 percent compared to traditional double-disc grinders, which will help TCI Precision Metals shorten customer lead times while maintaining close dimensional and flatness tolerances customers have come to expect from the company’s Machine-Ready Blanks.

Mill Steel Co., one of the nation’s largest distributors of flat-rolled product, has expanded into aluminum and stainless with the acquisition of Cleveland Metal Exchange and Chicago Stainless Metal Exchange. This deal represents the largest acquisition to date for Mill Steel Co.

Cleveland's Olympic Steel Inc., a leading national metals service center, has acquired all outstanding shares of Metal-Fab Inc. The purchase is expected to be immediately accretive.

Metal Supermarkets, the world’s largest supplier of small-quantity metals, has signed a franchise agreement to bring a fast and convenient metal supply option to businesses and consumers in the South Bend and Elkhart area.

Worthington Industries Inc. reported net sales of $1.2 billion and net earnings of $16.2 million for its second quarter. Sales were down modestly compared with the prior year, but earnings fell substantially from the $110.3 million in earnings.

Klöckner & Co. has agreed to acquire National Material of Mexico, a leading independent service center and materials supplier serving automotive and industrial end markets in North America with 10 facilities throughout Mexico. The transaction is made through the company’s U.S. subsidiary, Kloeckner Metals Corporation.

Pacesetter Steel Service, Kennesaw, Ga., has made three executive-level internal promotions. Del Land has been named president, Rosanne St. Clair has been appointed CFO and Bill Feier has been named vice president of procurement.

Michael Tookey has joined Cleveland-based Olympic Steel in the newly created role of director – coated products. He has more than 20 years of experience in the global metals industry.

Alro Metals Outlet has opened a new location at 4150 Broadmoor Ave., Grand Rapids, Mich. The 12,7000-square-foot store sells a range of metals and plastics in a convenient retail setting. The store is open to the public from 8 a.m. to 5 p.m., Monday through Friday.

Pride Polishing, an integrated nonferrous surface finisher located in El Monte, Calif., has installed new buffing equipment to produce mirror finishes on aluminum, stainless and bronze sheet and plate products. The addition of this equipment will complement Pride’s existing polished offerings on tube, bar and extrusions.