Alro Steel announced today that it has completed the acquisition of Klein Steel, a leading metals service center operating locations in Buffalo, Rochester and Syracuse, New York. Since 1971, Klein Steel has offered carbon steel, stainless steel, aluminum, brass, copper and specialty metals for next day delivery to customers in the Northeast. In addition, they offer a full range of value-added processing services, including component manufacturing and kitting. Alro will continue to operate the Klein metals service center facilities and the Express Metals Outlets in Rochester and Syracuse, New York.
The Klein Steel team led by Mike Young have joined the Alro team and will continue to provide quality products and next day delivery. Heritage Capital Group acted as the exclusive financial advisor to Klein Steel. This purchase will allow Alro to grow their customer base while providing improved service for cut-to-size metals in the Northeast.
“We are excited to welcome the Klein Steel team to the Alro family. Klein Steel has a great reputation in the metals industry for over 50 years and will enable Alro to continue our growth strategy in the Northeast, offering a wider range of products and processing capabilities in the Klein Steel footprint.”
CEO, Alro Steel
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Klein Steel - Press Release 04-22.pdf