Pittsburgh-based TMS International, formerly known as Tube City IMS, says it has acquired the business and assets of Stein LLC and Stein Steel Mill Services LLC, both based in Cleveland.
TMS describes Stein as “a leading provider of high-quality services to steel producers throughout the United States.” The company provides metal producers with steel mill processing services such as slag removal and metallics reclamation, scrap handling, scrap management, recycling, raw material screening, material handling and maintenance and repair services.
“We are very excited to welcome Stein into the TMS organization,” says Raymond Kalouche, TMS president and CEO. “Stein has a long and distinguished history in our industry and nicely complements our existing services that we provide to world class steelmakers throughout the U.S. This acquisition is an excellent fit with our company and meaningfully strengthens our U.S. footprint and will provide a breadth and depth of resources and talent to us.”
TMS says Stein has a “high-quality customer base and more than 60 years in the industry,” and describes the firm as a family-owned business with approximately 500 employees. Stein provides services to customers in Alabama, Illinois, Indiana, Ohio, Oklahoma, Pennsylvania and South Carolina. TMS also says it plans to continue to operate Stein initially under its current brand name.
In 2019, Stein was involved in a legal dispute with the United Kingdom-based GFG Alliance and its Liberty Steel USA subsidiary over the mill services contract at the Liberty electric arc furnace (EAF) steelmaking facility in Georgetown, South Carolina.
TMS International describes itself as the largest provider of outsourced industrial services to steel mills in North America as measured by revenue, and as having “a substantial and growing international presence.”