Kloeckner to sell Calif. assets to Brown-Strauss

Jul 09, 2013 | 03:28 PM | Frank Haflich

Tags  Kloeckner, Brown-Strauss, Klöckner, structural steel, Regal Steel Supply, Namasco, Frank Haflich

NEW YORK — Kloeckner Metals Corp. will sell the assets of its West Coast structural steel divisions to Brown-Strauss Steel, the company generally acknowledged as the West’s largest distributor of the products.

Kloeckner, which intends to close its Stockton, Calif., and Fontana, Calif., operations (amm.com, July 5), has reached a definitive agreement to sell the facilities’ assets to Aurora, Colo.-based Brown-Strauss, a unit of Blue Tee Corp., New York, according to market sources. The assets are estimated to include about 18,000 tons....

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