Startup service center Flack Steel aims high, targets Nafta market
Dec 30, 2010 | 11:08 AM
| Corinna Petry
Launched quietly seven months ago, service center Flack Steel Ltd. expects to expand current revenues fivefold in two years, shipping flat-rolled products throughout the North American Free Trade Agreement (Nafta) region and guiding customers through treacherous waters.
Since May, Flack Steel has gone from revenues of zero to $20 million and from one employee to 14. In October, it moved into its warehouse and office space in Cleveland.
The company distributes hot-rolled, cold-rolled, galvanized and painted sheet product but sends the material to toll processors for shearing, slitting, blanking and other services, president Jeremy Flack told AMM in an exclusive interview. Flack was president, treasurer and 50-percent owner of Lawson Steel Inc. in Cleveland, which he joined in 1998 but has since closed.....
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