Norfolk Iron & Metal to Acquire O’Neal Flat Rolled Metals from O’Neal Industries
BIRMINGHAM, AL and NORFOLK, NE, November 15, 2018 — 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 they have entered into a definitive agreement in which Norfolk Iron will acquire O’Neal Flat Rolled Metals, LLC, a wholly-owned subsidiary of ONI.
The closing is expected to be on or before December 31, 2018.
Headwall Partners LLC and XMS Capital Partners, LLC are serving as financial advisors to O’Neal Industries.
About O’Neal Flat Rolled Metals
O’Neal Flat Rolled Metals (OFR Metals), an O’Neal Industries affiliate company, is a leading processor and distributor of non-ferrous and carbon flat rolled metal products. Its eight locations house over 650,000 square feet of processing and warehousing capabilities, offering customers sheet and coil materials including stainless, aluminum, hot rolled, cold rolled and galvanized. OFR Metals also offers painted, polished and coated material to suit diverse customer needs. For more information, visit www.ofrmetals.com.
About Norfolk Iron & Metal
Norfolk Iron and Metal, founded in 1908, is a family owned and operated metals service center based in Norfolk, Nebraska. Its five locations offer customers sheet, plate, long products and tubing as well as advanced value-added services with a growing array of processing equipment. For more information, visit www.norfolkiron.com.
About O’Neal Industries
O’Neal Industries (ONI) is the largest family owned group of metals service centers in the United States. Composed of six leading brands and generating sales of approximately $2.6 billion in 2018, ONI is based in Birmingham, Alabama, and has more than 80 specialized facilities throughout North America, Europe and Asia. For more information, visit www.onealind.com.