O'Neal to close four distribution facilities
Sep 24, 2013 | 05:15 PM
| Corinna Petry
CHICAGO ONeal Steel Inc. will close four warehouses that are outside its core geography over the next 18 months, citing rising freight costs and the difficulty of making next-day deliveries from each location.
The Birmingham, Ala.-based company will seek acquisitions and organic growth within its main geography in the Southeast, Midwest and Southwest, however, ONeal Steel president and chief executive officer Holman Head told AMM Sept. 24.
The distribution facilities that will close are located in Clifton, N.J., part of its 2010 acquisition of Denman & Davis Inc.; Commerce City, Colo., and Farmington, N.M., part of its 2006 acquisition of Timberline Steel Inc.; and Tampa, Fla., which ONeal opened in the 1960s. Each stocks carbon and stainless steels and aluminum products.....
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