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Alro Steel Acquires Pottinger Steel

Posted on 10/24/2023

Alro Steel acquired Pottinger Steel in Racine, Wisconsin on November 3, 2023.  Pottinger Steel was founded in 1898 by Robert B. Pottinger as a blacksmith shop and general steel supplier. In 1970, the Pottinger family sold the company to Eugene Rinehart who grew the company to become an established steel service center. It has remained in the Rinehart family for over 50 years, currently operating under the direction of Eric, Matt, and Kim Rinehart. Pottinger offers a variety of metals, including carbon steel, alloys, stainless steel, and aluminum, with same-day or next-day delivery in Wisconsin and Illinois. Operations will continue at the current Racine location, 2711 Mt. Pleasant St., under Alro Metals Outlet. Matt Rinehart will join the Alro team and serve as General Manager.


“We are thrilled to be acquired by Alro Steel whose top priority of customer service we share. Pottinger Steel is one of the oldest businesses in the area and we are very pleased that the operation will remain in Racine to continue to serve its many loyal customers.  This acquisition will benefit our customers with expanded inventories of metals and additional processing capabilities. Thank you, Alro, we are excited to see what the future holds!”   Rinehart Family, Pottinger Steel 

 

“We are delighted to welcome Pottinger to the Alro family. This acquisition represents an exciting opportunity for existing and new customers in the Racine area. We look forward to serving them and capitalizing on the growth potential in this market for both metals and plastics.”     Randy Glick, CEO, Alro Steel 


Pottinger Steel - Press Release.pdf