Metals USA Holdings Corp. today reported that it has, through its wholly owned subsidiary Metals USA, Inc., entered into a four year agreement with Lakeside Steel, Inc. to provide steel slitting and warehousing services in support of Lakeside's new steel pipe and casing mill in Thomasville, Alabama. Pursuant to the agreement, Metals USA will construct a rail serviced, state of the art slitting and warehousing facility adjacent to Lakeside's pipe mill in Thomasville, Alabama. The adjacent facilities will promote efficiencies for both parties.
Lourenco Goncalves, the Company's Chairman, President and C.E.O., stated, "Lakeside is a respected manufacturer of pipe and tube products for soil country tubular goods and we are pleased to partner with them in this mutually beneficial venture in Thomasville, Alabama." Mr. Goncalves added, "The addition of a new Metals USA service center in Alabama represents another aspect of our growth strategy. In addition to making accretive acquisitions, we continue to grow organically and act on opportunities that deliver value for our stockholders."
"Lakeside is pleased to partner with Metals USA. Metals USA is a quality firm that will help further develop Thomasville," said Ron Bedard, President and Chief Operating Officer of Lakeside Steel.
Mayor Sheldon Day said, "Today is yet another great day in the City of Thomasville, Alabama and in Clarke County. We welcome Metals USA as a part of our community."
Mayor Day added, "Our strategic location in relationship to ThyssenKrupp, Nucor Steel and Servastal is making Clarke County the ideal location for new steel related industries. We have put together a great local and state team to work with companies interested in locating here and we continue to be successful."
"We are extremely excited that Clarke County, Alabama has been chosen as the new home for Metals USA. This is the sixth announcement for our county over the last year. We have been preparing for these opportunities for many years and we are seeing the results of a lot of hard work by a lot of people," stated Debra Mathews, Clarke County Economic Developer.
Jim Searcy, Executive Director of Coastal Gateway Regional Economic Development Alliance (CGEDA), said, "This is another example of the continued diversification of the economic base in southwest Alabama. It is further proof that being in rural Alabama is not necessarily an impediment to quality economic development."
About Metals USA
Metals USA provides a wide range of products and services in the heavy carbon steel, flat-rolled steel, non-ferrous metals, and building products markets. For more information, visit the company's website at www.metalsusa.com.
For additional information please contact:
Robert McPherson
Sr. Vice President, CFO
Metals USA Holdings Corp
(954) 202-4000
Mayor Sheldon Day
City of Thomasville
(334) 636-5827
Debra Mathews
Director
Clarke County Economic Development
(251) 275-4254