Standard Steel - Ownership and Business Overview

Metals/miningCompany

Standard Steel Ownership

Who owns Standard Steel?

Standard Steel is owned by Sumitomo. It was acquired on June 27, 2011.

Was Standard Steel formerly PE-backed?

Yes. Standard Steel was formerly owned by 1 private investor.

Standard Steel Business Overview

Where is Standard Steel headquartered?

Standard Steel is headquartered in Burnham, Pennsylvania.

How many employees does Standard Steel have?

Standard Steel has 590 employees.

What sector is Standard Steel in?

Standard Steel is a metals/mining company.

When was Standard Steel founded?

Standard Steel was founded in 1795.

Metals/mining M&A Summary in 2011

Out of 60 sectors in the Mergr database, metals/mining ranked 27 in number of deals in 2011. The largest metals/mining acquisition in 2011 was International Coal Group - which was acquired by Arch Resources for $3.4B.

Join Mergr to view all 77 acquisitions of metals/mining companies in 2011, including 16 acquisitions by private equity firms, and 61 by strategics.

Standard Steel LLC

500 N. Walnut Street,
Burnham, Pennsylvania 17009
United States,
(717)248-4911
www.standardsteel.com

Standard Steel LLC is an integrated manufacturer of steel wheels and axles for use in freight railcars, locomotives and passenger cars. Standard Steel is the only wheel manufacturer that uses the forging process, which produces wheels with superior wear characteristics compared with wheels that are manufactured using a casting process. Standard Steel was founded in 1795 and is based in Burnham, Pennsylvania.


Company Summary

SECTOR

Metals/Mining

Revenue

125   2005
(millions of USD)

Employees

590

Established

1795

Former Name

Freedom Forge Corp.

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