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Metal Processing acquires Braner/Loopco slitting line

Keywords: Tags  Metal Processing, Dave Ackerman, Braner/Loopco, slitting line, heavy-gauge steel, distribution, Corinna Petry

CHICAGO — Metal Processing Corp. has purchased a new Braner/Loopco slitting line that will handle heavier-gauge products.

"The mills are keenly interested in our ability to slit heavy coils, and the tube and pipe industry is a big user of heavy-gauge material," Metal Processing president and chief executive officer Dave Ackerman told AMM.

"We currently perform slitting of carbon steel and cut-to-length and leveling. We now process from 0.01-inch up through 0.25-inch-thick material. Our largest slitting line can handle coils up to 72 inches wide and up to 65,000 pounds," he said.

The new slitter, which will handle coils up to 84 inches wide and weighing up to 100,000 pounds, will slit plate up to 0.65-inch thick.

"We are expanding the plant by an additional 50,000 square feet. The new slitter should be operational by the end of December," Ackerman said.

The company, which operates a 300,000-square-foot flat-rolled steel processing center in Gary, Ind., that is served by two railroads and has barge access, processed about 200,000 tons of steel last year, Ackerman said. It serves producers, service centers and steel users, providing processing, warehousing and distribution within a 400-mile radius.

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