M&A Deal Summary

Cincinnati Tool Steel Acquires Steel Warehouse - Tool Steel Division

On February 19, 2013, Cincinnati Tool Steel acquired metals/mining company Steel Warehouse - Tool Steel Division from Steel Warehouse

Acquisition Highlights
  • This is Cincinnati Tool Steel’s 1st transaction in the Metals/Mining sector.
  • This is Cincinnati Tool Steel’s 1st transaction in the United States.
  • This is Cincinnati Tool Steel’s 1st transaction in Indiana.

M&A Deal Summary
Date 2013-02-19
Target Steel Warehouse - Tool Steel Division
Sector Metals/Mining
Buyer(s) Cincinnati Tool Steel
Sellers(s) Steel Warehouse
Deal Type Divestiture

Target

Steel Warehouse - Tool Steel Division

South Bend, Indiana, United States
The Tool Steel Division of Steel Warehouse, headquartered in South Bend, Indiana, operated as a master distributor of multiple tool steel products. Its processing capabilities included sawing, milling and grinding.

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Buyer(S) 1

Buyer

Cincinnati Tool Steel

Rockford, Illinois, United States
Category Company
Sector Distribution
DESCRIPTION

Cincinnati Tool Steel Co., Inc. is a distributors of tool steels, powdered metals and alloys, CTS has created a unique place for itself in the tool steel industry. In addition to cutting material to customer specifications, CTS also offers value added services, such as custom boring, surface grinding, centerless grinding, milling and precision saw cutting.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Steel Warehouse

South Bend, Indiana, United States
Category Company
Founded 1947
Sector Metals/Mining
DESCRIPTION

Steel Warehouse is a family-owned industrial concerns in the U.S. and Mexico focused on the metal service center sector. The company offers a broad range of processing services to provide production-ready steel for metal stampers, fabricators and manufacturers. Services include leveling, slitting, temper/cut-to-length, blanking/shearing, pickling and cold reduction. Steel Warehouse affiliates produce mechanical and structural grade steel tubing and fabricate medium to heavy gauge components for original equipment manufacturers.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Seigal Steel

Chicago, Illinois, United States

Seigal Steel Co. is a niche steel service center providing heavy gauge high carbon steel, low carbon steel, high-strength low alloy and stainless steel materials. The company offers a full-suite of value-added processing capabilities including edging, oscillate winding and slitting. Seigal Steel was founded in 1940 and is based in Chicago, Illinois.

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