STEELSUMMIT

a leading flat rolled metals processor distributor
committed to delivering quality products
with every shipment

STEELSUMMIT HOLDINGS EXPANDS FOOTPRINT

with strategic acquisition of Magic Steel Sales

Quality Products

Commitment to Excellence

Competitive Pricing

STEELSUMMIT HOLDINGS

SteelSummit Holdings is a leading flat rolled metals processor-distributor producing specialized, processed metal products. A subsidiary of Sumitomo Corporation of Americas, SteelSummit Holdings is guided by our founder’s precepts to create new value and realize prosperity by engaging in sound business practices and building relationships of trust among our customers, suppliers and partners.

SSH is dedicated to meeting the needs of the automotive, HVAC, construction industries, as well as other metal industries. Our five locations allow us to provide competitive pricing and continuous on ­time delivery. We are committed to assuring our customers a quality product that is on time and according to their specifications with every shipment.

THE STEELSUMMIT ADVANTAGE

Flat rolled expertise

Customer focused

Safety driven

Quality commitment

Diverse workforce

Wide capability range

Supply chain solutions

Financial stability

Metallurgical services

ISO 9001:2015 certified

SteelSummit Holdings Expands Footprint
with Strategic Acquisition of Magic Steel Sales

SteelSummit Holdings, a leading national metals service center and trading company, today announced the acquisition of Magic Steel Sales.  Terms in the all-cash deal were not disclosed.

With approximately $200 million in sales, Magic Steel Sales is a leading steel service center company headquartered in Grand Rapids, Michigan. The company was founded in 1974 by Joe Maggini and operates service centers in Grand Rapids, Michigan and Decatur, Alabama.

“We are very excited to welcome the Magic Steel employees to the SteelSummit family” said SteelSummit’s CEO Todd Rollins. “This acquisition is a perfect complement to our organization as it adds new markets and geographic diversity with minimal customer overlap. It will provide SteelSummit an excellent platform for future strategic growth.” Rollins also said, “We are very pleased that Joe and the Magic Steel leadership team has entrusted SteelSummit to build on the great success and values of the Company he founded in 1974.”

Joe Maggini, Founder and CEO of Magic Steel Sales, added, “Our strategic decision to hand over the reins of Magic Steel after 45 years will provide our company a great foundation for future success.  I would like to extend my thanks and gratitude to all past and present Magic Steel employees, customers, suppliers and business partners.  Without them, none of our growth and success would have been possible.  The past ownership wishes SteelSummit and the Magic Steel family every success as they move forward.”

A SUBSIDIARY OF SUMITOMO CORPORATION OF AMERICAS

Sumitomo Corporation Group conducts business activities in a wide range of industries on a global scale, with its six business units including Metal Products, Transportation and Construction Systems, Infrastructure, Media and Digital, Living Related and Real Estate, Mineral Resources, Energy, and Chemical and Electronics and regional organizations all over the world working closely together.

Strategically and organically integrating our robust business foundation and our diverse, high-level functions, we create new values by staying a step ahead in dealing with changes and transcending existing frameworks as a way to help solve social issues.

As a subsidiary of Sumitomo Corporation of Americas, SSH is able to use their extensive financial and intellectual resources to provide business success to our customers.

STEELSUMMIT

 A flat rolled metals
processor distributor
delivering quality products

A people-centered culture
built on trust

CORPORATE OFFICE

SteelSummit Holdings, Inc.
1500 Medical Center Pkwy.
Suite 3B

Murfreesboro, TN 37129

Summit Global Trading is located in corporate office.

REGIONAL LOCATIONS

Lavergne, TN

Cincinnati, OH

Grand Rapids, MI

Trinity, AL

Madison, AL