Flack Steel purchases CSi's Consolidated Metal Products business

Cleveland metal service center Flack Steel Ltd. has completed a transaction with Consolidated Systems Inc. (CSi) for the purchase of selected assets of its Consolidated Metal Products (CMP) business. The acquisition expands Flack Steel's product offering and market penetration opportunities for bare and painted carbon steel, galvanized steel, stainless steel, and aluminum.

The deal includes the working capital and associated nonphysical assets, including the trade name of Consolidated Metal Products. The deal does not include the coil coating line and processing equipment in Columbia, S.C.

CMP will continue to supply painted and processed metal products for the construction, appliance, and transportation markets. Per the agreement, more than 20 CMP purchasing, sales, quality, and marketing professionals will join Flack Steel but continue to operate out of the Columbia office.