M&A in Steel Distribution
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| Buyer | Target | Country | Date | Turnover (US$m) | Employees |
|---|---|---|---|---|---|
| ASD Limited | Atlantic Steel Processing | UK | Jul 2024 | 82 | – |
| Barrett Steel | Aartee Bright Bar | UK | Mar 2023 | – | 173 |
| Barrett Steel | British Steel Distribution depots | UK | Mar 2020 | – | 75 |
| Breal Capital | Pulman Steel | UK | Nov 2019 | 16.601 | 80 |
| Cedar Holdings | Stemcor | UK | Jul 2020 | 1740 | – |
| Esmark Steel Group | Amtex Steel | USA | Nov 2009 | – | 70 |
| GFG Alliance | Steelforce | Australia | Aug 2019 | 18.2 | 63 |
| Hesteel | Duferco | Switzerland | Nov 2014 | – | – |
| Hill & Smith | Capital Steel | USA | Jan 2024 | 8.1 | – |
| Jacquet Metals | Swiss Steel subsids | Europe | Oct 2023 | 192.76 | 267 |
| Jiangsu Bojun | Chongqing Hyundai Steel Co | China | Aug 2024 | – | – |
| Klöckner | Lake Steel | USA | Dec 2010 | 66 | 100 |
| Klöckner | Macsteel Service Centers USA | USA | Apr 2011 | 1800 | 1183 |
| Klöckner | National Material of Mexico | Mexico | Dec 2022 | 610 | 500 |
| Klöckner | Primary Steel LLC | USA | Apr 2007 | 467 | 412 |
| Marubeni-Itochu Steel | B&M Steel | UK | Oct 2022 | 89.375 | 400 |
| More | Megasteel | UK | Sep 2022 | 27 | 33 |
| NLMK | Novexco / Novex Trading | Cyprus, Switz | Jan 2008 | – | – |
| OneSteel Ltd | Fagersta | Australia | Sep 2007 | 70 | 49 |
| Ovako | Tibnor Oy | Finland | Feb 2015 | 88 | 50 |
| Reliance | Mid-West Materials | USA | Apr 2024 | 87 | – |
| Russel Metals Inc | 7 Klöckner US service centres | USA | Jan 2026 | 500 | 350 |
| Russel Metals Inc | Boyd Metals | USA | Nov 2021 | 244 | – |
| Russel Metals Inc | Samuel Son & Co | North America | Aug 2024 | 609 | – |
| Russel Metals Inc | Tampa Bay Steel | USA | Nov 2024 | 65 | 100 |
| Ryerson | Central Steel & Wire | USA | Jun 2018 | 600 | 900 |
| San Polo Lamiere | Italpack | Italy | Nov 2024 | – | 26 |
| Severstal | A Group Corporation | Russia | Apr 2024 | – | – |
| Smith Stal | Stena Stal | Norway | Jan 2024 | 7 | 11 |
| Steel Dynamics | United Steel Supply | USA | Mar 2019 | – | 38 |
| Tibnor | Sanistål A/S | Denmark | Nov 2018 | 211 | 1076 |
| Trifast plc | Precision Technology Supplies | UK | Apr 2018 | 6.3364 | 27 |
| Worthington Steel | Klöckner & Co | Germany | Jan 2026 | 7110 | 6500 |
| Van Leeuwen | Benteler Distribution | Europe | Aug 2019 | 885 | 1600 |
| Wegener GmbH | Ib Andresen Industri | Nordics | May 2024 | – | 500 |
Source: MCI research. – = no data. Data as of August 2026.
Notes
- List of steel industry acquisitions shown above includes all types of distributors – including metal traders, service centres and steel stockholders.
- Turnover figures above are estimates for target company.
- Barrett Steel acquisition was of selected Aartee Bright Bar assets, from administration. These assets included several distribution depots. The Aartee hot rolled business in Dudley was not included in this takeover transaction.
- Cedar Holdings (who purchased Stemcor from Apollo) is China's largest private commodity trader.
- Full name of Jiangsu Bojun is the Jiangsu Bojun Industrial Technology Co.
- MSCUSA denotes Macsteel Service Centers USA.
- Tibnor is a subsidiary of SSAB. Its acquisition of Sanistål was an asset purchase.
- Ib Andresen Industri (IAI) has steel service centres in Denmark, Sweden and Norway.
- Russel Metals purchase from Samuel Son & Co included seven steel service centres. These included five depots in Western Canada (Winnipeg, Calgary, Nisku, Langley and Surrey) and two SSCs in the USA (Buffalo and Pittsburgh).
- United Steel Supply, with its HQ in Austin Texas, is a leading distributor of painted Galvalume® flat rolled steel. It has 4 distribution centres located in Mississippi, Indiana, Arkansas and Oregon.
- Klöckner operates roughly 110 locations across North America and Europe and supplies more than 60,000 customers.
Median Statistics
Based on the data above, the median revenue per employee of newly-acquired steel distributorships was ~US$695. Contact us for further details and other acquisition metrics. Request Bespoke Data →
Spreadsheet Data
Full spreadsheet showing name of buyer, name of target company, country of target, acquired equity stake, acquisition date; and where known the approximate sales volume in kt/yr, acquisition cost in US$m, number of employees, acquisition cost in US$/t, acquisition cost in US$/employee, target company productivity in US$ sales per employee, financial metrics on turnover and profitability and miscellaneous notes regarding the transaction is available for purchase for US$250.
Please note that the desktop version of this page displays the following fields: name of buyer, name of target, country of target, acquisition date, target firm turnover, target company number of employees.