Norfolk Iron & Metal to Acquire Cd’A Metals

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NORFOLK, NE and SPOKANE, WA, December 15, 2020 — Norfolk Iron & Metal, Co. (“NIM”), a full-line steel service center, and The Coeur d’Alenes Company (Cd’A Metals), a full-line metal service center in the Inland Northwest, jointly announced that they have entered into a definitive agreement in which NIM will acquire Cd’A Metals. The transaction is expected to close on or before December 31, 2020.

The acquisition will complement NIM’s market coverage, adding three new locations in the Northwest, and further expand NIM’s product lines and processing capabilities. NIM first expanded its western geographic reach with its acquisition of Metalwest in 2018.

“We are pleased to welcome the Cd’A team members to the NIM family,” Richard Robinson, Chairman and CEO of NIM, said. “This investment represents a strategic opportunity to increase our capacity and geographic presence and is integral to our commitment to meet the growing needs of our customers. Cd’A Metals’ complementary capabilities combined with its long history of success positions us well to further develop our business in the northwestern markets.”

“It is a great opportunity for Cd’A Metals to join the NIM team,” said Lawrence Coulson, CEO of Cd’A Metals. “It was important that Cd’A Metals continue to be family-owned. Combining Cd’A Metals with NIM and Metalwest creates a family of companies that provides a broad geographic footprint, expanded processing capabilities and deep product offering ready to meet the growing demands of our customer base.”

Heritage Capital Group is serving as financial advisor, and Witherspoon Kelley is providing legal services, to Cd’A Metals. Abrahams Kaslow & Cassman LLP is acting as legal counsel to NIM.

About Cd’A Metals
Cd’A Metals is a full-line metal service center and supplier, headquartered in Spokane, Washington. With three locations across the Inland Northwest, the company provides bar and structural steel, plate and sheet products, as well as ornamental iron. Founded in 1884, Cd’A Metals has offered over a century of processing expertise to the metals industry and is a member of the Metal Service Center Institute (MSCI) and the North American Steel Alliance. For more information, visit www.cdametals.com.

About Norfolk Iron & Metal
Norfolk Iron & Metal, Co. (NIM) is a full-line steel service center headquartered in Norfolk, Nebraska. It is one of the nation’s largest and most technologically advanced steel providers. In 2018, NIM acquired Metalwest, a leading processor and distributor of non-ferrous and carbon flat rolled metal products. With 13 locations across the U.S., NIM’s warehouses are stocked with more than 3,000 items including carbon steel beams, angles, channels, flat-roll sheet and coil, plate, and tubing. NIM has been a family-run business since 1908 and is a member of MSCI. For more information, visit www.norfolkiron.com.

Metal West Blog

COVID-19 Update

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At Norfolk Iron & Metal and Metalwest, the health and safety of our customers, suppliers, and employees is a top priority. With the ever-growing concerns regarding COVID-19 and the impact it may have on everyone, we wanted to let you know the steps we are taking during this time.

To follow with the CDC guidelines on social distancing, we will be restricting all non-essential travel and limiting face-to-face meetings. Our sales team will continue to make in-person visits, as necessary, following our customer’s guidelines for visitors at their facilities. Our commercial teams are always available to assist you via email, telecommunications, and video conferencing. We will also do our best to keep you updated on our social media channels.

You can also reach us for online quote requests via our websites:

During this time we are committed to doing business as close to usual as possible. We do not anticipate any disruptions to our ability to service our customers. With many locations throughout the U.S. between both companies, our diversified inventories, and redundant processing equipment across our facilities, we will be able to ensure our service to you continues.

As of now, we have not seen any disruption in our supply chains that would impact delivery times. Maintaining our own fleet of trucks gives us the ability to maintain the service to our customers without interruption.

We are committed to continue providing you with the best customer service, quality products, and value-added services that you’re accustomed to receiving from us. We value our relationships with you and appreciate your business.

Norfolk Iron & Metal | Metalwest
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Metal West Steel Products

Norfolk Iron & Metal Closes Acquisition of O’Neal Flat Rolled Metals from O’Neal Industries

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BIRMINGHAM, AL and NORFOLK, NE – January 2, 2019 Norfolk Iron & Metal Co. (Norfolk Iron), a full-line steel service center, and O’Neal Industries Inc. (ONI), the largest family owned group of metals service centers in the United States, today jointly announced that Norfolk Iron has acquired O’Neal Flat Rolled Metals, LLC (OFR Metals), a wholly-owned subsidiary of ONI.

OFR Metals is a leading North American metals service center, focused on processing and distributing non-ferrous and carbon flat-rolled products from eight facilities, principally in the western US. OFR Metals will return to its former name, Metalwest, a name equally recognized for quality and service in the flat rolled industry. All members of OFR Metals’ management team are continuing in their current roles, with Jeff Simons continuing as president and CEO.

Norfolk Iron and OFR Metals are both businesses that place the highest importance on safety, employee engagement and exceptional customer service. The acquisition will enhance Norfolk Iron’s geographic footprint by adding eight new locations, while also expanding its product lines and capabilities for processing flat-rolled carbon, stainless and aluminium products.

“We are pleased to welcome the OFR Metals [Metalwest] team members to the Norfolk Iron family,” Richard Robinson, president of Norfolk Iron, said. “Investment in our business has always been an important part of our commitment to meet the growing needs of our customers. Metalwest is a natural fit with our current operations and brings complementary capabilities with the same reputation for outstanding service.”

“We could not be more excited about joining the Norfolk Iron team,” said Jeff Simons, president & CEO of OFR Metals [Metalwest]. “Our businesses create a family of companies with a broad geographic footprint and deep product offering, ready to meet the growing demands of our customer base.”

“We thank Jeff Simons and the entire OFR Metals team for their years of outstanding service and dedication to our company,” Holman Head, president and COO of ONI said.  “We couldn’t be more pleased to have the OFR Metals team become a part of Norfolk Iron & Metal, and we wish them every success.”

Headwall Partners, LLC and XMS Capital Partners, LLC are serving as financial advisers, and Maynard Cooper & Gale is providing legal services to ONI. Abrahams Kaslow & Cassman LLP is acting as legal counsel to Norfolk Iron. Financing has been provided by First National Bank of Omaha.