Steel Technologies to buy Ind. toll processor Stripco

Apr 22, 2014 | 02:08 PM | Thorsten Schier

Tags  Stripco, Steel Technologies, flat-rolled steel processing, Mike Carroll, Nucor, Mitsui, Thorsten Schier

NEW YORK — Steel Technologies LLC has entered into an agreement to purchase toll processor Stripco LLC for an undisclosed amount.

"The transaction has received governmental approval and is expected to close in early May," Louisville, Ky.-based Steel Technologies said in a statement. Steel Technologies is a 50-50 flat-rolled steel processing joint venture....

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