CHICAGO Mid-GA Steel
& Supply Inc., a manufacturer of steel roofing and steel
buildings, has filed a Chapter 7 bankruptcy liquidation
petition in U.S. Bankruptcy Court in northern Georgia.
The Grantville, Ga.-based
company estimated its assets at between $500,000 and $1 million
and liabilities of between $1 million and $10 million, with
unsecured creditors holding claims of more than $1.9 million,
according to the Dec. 14 filing.
Approximately one dozen metals
suppliers have unsecured claims totaling more than $400,000.
The largest among them is Alliance Metal Products Inc.,
Birmingham, Ala., with a claim of $284,962. Other creditors
cited in the filing include Mill Steel Co., Detroit; United
Steel Supply LLC, Austin, Texas; Sheffield Metals International
Inc., Sheffield Village, Ohio; and Cooksey Steel Co. Inc.,
The company was established in
2000 by Clay Smith, who opened two more locations in Cochran
and Dublin, Ga., in 2002 and 2010, respectively, according to
Mid-GA Steels website.
Mid-GA Steel appears to be the latest in a recent rash of
bankruptcy filings by small metals companies, including Austin,
Texas-based distributor Urban Steel LLC (
amm.com, Dec. 13); Vulcan Steel Co., a
Jacksonville, Fla.-based structural steel fabricator (
amm.com, Dec. 12); Midstate Steel Inc., a
Millbrook, Ala.-based structural steel fabricator; and SMC
Steel Fabricators Inc., a Spartanburg, S.C.-based fabricator of
sheet metal and light plate products (
amm.com, Dec. 7).