Fort Lauderdale, Florida-based steel products supplier Metals USA Holdings Corporation announced Monday that it has entered into an agreement to purchase an affiliate of flat-rolled metal service center, Eagle Steel Products, Inc. which will be named Ohio River Metal Services, Inc. ("ORMS").
Under President Charles R. Moore, ORMS will continue to operate from its 320,000 square foot facility in Jeffersonville, Indiana, which is served by barge, rail and truck.
"ORMS complements Metals USA's existing metals service center business in Jeffersonville and further expands the products and services our flat rolled and non-ferrous group can provide customers throughout the Ohio Valley," stated Lourenco Goncalves, Chairman, President and CEOof Metals USA Holdings Corp.
Eagle Steel Products, Inc. will continue to operate from its Louisville, Kentucky facility under its CEO and majority owner, Shirley Ohta. The transaction is expected to close in late December, 2010.