Melvindale’s Mill Steel Co. Expands with New Ohio Facility
Posted By: DBUSINESS on August 30, 2023. For more information, please click here to read the source article.
Mill Steel Co., a flat-rolled steel and aluminum supplier that has an operation in Melvindale and is based in Grand Rapids, has acquired a 90,000-square-foot facility in Mansfield, Ohio. Terms of the deal were not disclosed.
The transaction supports Mill Steel’s recent acquisition of Cleveland Metal Exchange (CME), which marked the company’s entry into the flat-rolled stainless steel and aluminum metal markets.
The new location in Mansfield is equipped with a 72-inch Pro Eco slitting line, 60-inch Paxson slitting line, as well as a 50-foot-deep looping pit for surface-critical material processing. Additionally, Mill Steel plans to add cut-to-length processing capabilities. This will provide a greater opportunity to use competitive sourcing and delivery costs for its budding Midwest customer base.
The facility is located for ease of access by rail and interstate. It neighbors Cleveland Cliffs Mansfield Works, providing an additional supply option for its growing stainless and aluminum segment.
Concurrently, Mill Steel is making an $18 million investment into its Melvindale facility with the addition of a new slitting line, new pack line, two new cranes, and 50,000 square feet of warehouse space. These changes are slated to be completed in 2024 and will complement Mill Steel’s processing network to keep pace with its expanding book of business.
“The proximity to our customer base and geographic benefits made this an excellent opportunity. I look forward to the additional capacity this provides to support our double-digit growth,” says Pam Heglund, CEO of Mill Steel.
« Back to Insights