Cleveland-based Majestic Steel USA Inc. has completed its acquisition of Titan Metal Service Inc., a Tampa, Florida-based steel service center and processor.
The strategic acquisition represents a significant step in Majestic's strategy to expand its business in the coated flat-rolled market. The addition of Titan enables Majestic to increase its presence and reach in the Southeast, particularly the growing Florida market.
"We are happy to welcome Titan Metal Service to the Majestic Steel USA family," Majestic CEO Todd Leebow said in a statement. "We look forward to continuing to support the existing business while pursuing growth opportunities in the Southeast region. As a combined team, we are committed to providing quality products and services to our customers."