M&A Deal Summary

Mill Steel Acquires Cleveland Metal Exchange

On January 18, 2023, Mill Steel acquired distribution company Cleveland Metal Exchange

Acquisition Highlights
  • This is Mill Steel’s 2nd transaction in the Distribution sector.
  • This is Mill Steel’s 2nd transaction in the United States.
  • This is Mill Steel’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-01-18
Target Cleveland Metal Exchange
Sector Distribution
Buyer(s) Mill Steel
Deal Type Add-on Acquisition

Target

Cleveland Metal Exchange

Pepper Pike, Ohio, United States
Cleveland Metal Exchange is a distributor of flat rolled stainless steel and aluminum products. Cleveland Metal Exchange carries over 20 million pounds of stainless steel and aluminum and has grown to over 70 million pounds of aluminum and stainless sold each year. Cleveland Metal Exchange was founded in 1994 and is based in Pepper Pike, Ohio.

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Buyer(S) 1

Buyer

Mill Steel

Grand Rapids, Michigan, United States
Category Company
Founded 1959
Sector Distribution
DESCRIPTION

Mill Steel is a distributor of flat-rolled carbon steel that operates five service center locations across the United States. Mill Steel serving some of the world's most demanding industries with its steadfast dedication to superior quality, delivery, and performance. Mill Steel was founded in 1959 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 2 of 3
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Prassas Metal Products

Gardena, California, United States

Prassas Metal Products is a steel trading and stocking distributor of pre-painted and coated coil products specializing in pre-painted Galvalume, pre-painted Galvanized, (bare) Galvalume, Galvanized, Electro-Galvanized, Aluminized, and Cold Rolled Coil materials. Prassas Metal Products is based in Gardena, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Maryland Metals Processing

Sparrows Point, Maryland, United States

Maryland Metals Processing is a specialty metals toll processor specializing in high-quality processing services for steel and other metals. Maryland Metals Processing is based in Sparrows Point, Maryland.

Buy -
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