Majestic Steel USA Announces Acquisition Of Flatrolled Steel, Inc. Assets

The acquisition takes effect immediately and will expand Majestic Steel USA's presence in the Southwest.

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Dec 18, 2013, 10:00 ET

CLEVELAND, Dec. 18, 2013 /PRNewswire/ -- Majestic Steel USA, a leading steel service center, announced it has completed the acquisition of the business and assets of Flatrolled Steel, Inc. Majestic Steel will operate the Houston/Dallas-based business under the Majestic Steel name. The acquisition will allow Majestic Steel to expand its business in the Southwest, while continuing to provide quality products in a Majestic way.

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"We're happy to announce the acquisition of Flatrolled Steel," says Majestic Steel President, Todd Leebow. "We see this as an opportunity to expand our reach in the Southwest region while continuing to support the existing business. We're looking forward to welcoming the Flatrolled Steel associates to the Majestic family."

Founded in 1979, Majestic Steel USA is a privately held, family-owned, family-operated company headquartered out of Cleveland, Ohio. Their current product offerings include prime, flat-rolled steel sheets and coils from multiple producers and focuses largely on galvanized, galvannealed, galvalume, aluminized, cold-rolled and phosphatized/bonderized steel for a number of industries.

The company puts heavy emphasis on innovation, education and transparency in the steel industry and beyond. In addition to their unique product offerings, Majestic distributes The CORE Report, a weekly market research report that gives steel buyers an in-depth look at key trends and indicators driving the steel market. It delivers one of the most comprehensive views into the latest trends and news impacting the industry.

For more information on Majestic, visit www.majesticsteel.com.

SOURCE Majestic Steel USA