Ashley, Pa.-based Straub Metal has been acquired by one of the largest family-owned steel service centers in the country, Norfolk Iron & Metal, officials said Monday.
The acquisition will further expand NIM stainless steel sheet and coil product lines, the companies said. No information was released about the acquisition, other than the companies were represented by Abrahams Kaslow & Cassman LLP as legal counsel and Headwall Partners LLC as buy-side advisor to Norfolk Iron & Metal; and Ballar Spahr LLP as legal counsel and Mufson Howe Hunter & Company LLC as sell-side advisor to Straub Metal.
“We are pleased to welcome the Straub Metal team to the NIM family,” Arnie Robinson, President and COO of Norfolk Iron & Metal, said. “As a family-run business, Straub Metal is a great fit to continue our growth and investment throughout the United States.”…