Mich. company acquires Roanoke steel distributor
Alro Steel Corp. acquired Ace Steel
Jackson, Michigan-based Alro Steel Corp. announced Monday it had acquired Roanoke-based Ace Steel Inc.
Financial terms of the transaction were not disclosed.
Founded in 1992, Ace Steel is a steel distributor serving the Roanoke Valley.
The transaction will help Alro provide improved service for cut-to-size metals and plastics, while Ace Steel’s customers will benefit from access to Alro’s inventory, which includes aluminum, carbon steel, stainless steel, tool steel, cast iron, red metals, alloys and plastics, Alro said in a statement.
“We are delighted that the Ace Steel team will join Alro and continue to provide quality materials with great customer service,” Alro said in a statement. “Alro and Ace Steel are both focused on exceeding our customers’ expectations through superior service and outstanding teamwork.”
Brothers Al Glick and Robert Glick founded Alro Steel in 1948. The company distributes metals, industrial supplies and engineering plastics. Alro operates more than 70 locations in 13 states through its companies: Alro Steel, Alro Metals, Alro Metals Outlet, Alro Industrial Supply and Alro Plastics.