Friedman Industries acquires Plateplus

Friedman Industries Inc., a Longview, Texas-based company engaged in steel processing and distribution as well as pipe manufacturing through its division Texas Tubular Products, has acquired two facilities from Plateplus Inc., as well as the steel inventory and customer relationships at two additional Plateplus locations.

Friedman acquired the real estate, buildings, equipment, inventory, and other assets of Plateplus’ East Chicago, Ind., and Granite City, Ill., facilities. In addition, Friedman has acquired the steel inventory and customer relationships at Plateplus’ Loudon, Tenn., and Houston facilities. Business that was historically handled at the Loudon and Houston locations will be transitioned to Friedman’s facilities in Decatur, Ala., and Sinton, Texas, respectively.

The acquired facilities provide temper-passed, cut-to-length sheet and plate with capabilities from 16 ga. to 5/8 in. thick and 36 to 72 in. wide. The facilities will operate as part of Friedman’s coil product segment.