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Union Partners Acquires Xcel Steel´s Pickling Operations in Dearborn, Michigan
Thursday 11 October 2018

11 October 2018 - Chicago, US-based metals and logistics company Union Partners has acquired the assets of Xcel Steel's pickling operations in Dearborn, Michigan, the company said.

The division has joined Union Partners-owned Maksteel and will now operate under the name Maksteel Processing. As this transition occurs, there will be no interruption in service to customers.

Maksteel Processing offers a push/pull pickling line capable of processing hot rolled, high strength low alloy, and advanced high strength steel coils up to 72″ wide and 400,000 tons per year.

This addition cements Union Partners' strategy of enhancing and streamlining capabilities and services across their companies to enable a seamless experience for their customers throughout North America.

Maksteel Processing will also invest in significant upgrades to its facility and equipment, starting immediately.

Chicago based Union Partners I LLC is a full-service metals and logistics company. Its steel service centers specialise in metal distribution and processing, and related logistics services.
Details
Date Published: 11/10/2018
Target: Xcel Steel/pickling operations in,  Dearborn, Michigan
Country: USA
Sector: Metals/Mining
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Xcel Steel
Buyer: Union Partners
Comment:
Terms of the deal were not disclosed

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