M&A Deal Summary

Mill Steel Acquires Maryland Metals Processing

On November 4, 2024, Mill Steel acquired metals/mining company Maryland Metals Processing

Acquisition Highlights
  • This is Mill Steel’s 1st transaction in the Metals/Mining sector.
  • This is Mill Steel’s 3rd transaction in the United States.
  • This is Mill Steel’s 1st transaction in Maryland.

M&A Deal Summary
Date 2024-11-04
Target Maryland Metals Processing
Sector Metals/Mining
Buyer(s) Mill Steel
Deal Type Add-on Acquisition

Target

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.

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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 3 of 3
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Maryland) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 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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