Houston, Texas-based US service center, Metals USA Holdings Corporation, announced Monday that it has acquired the operating assets of VR Laser, a carbon plate metal processor located in Philadelphia, Penn., in order to expand its Northeast US customer base by providing substantial value adding process capabilities.
The Company's Chairman, President and CEO, Lourenco Goncalves, stated in a company press release, "Despite current difficult market conditions, Metals USA maintains a favorable long-term view on our business. We believe attractive investment opportunities will continue to present themselves, allowing us to continue to expand our processing capabilities at attractive costs."
Metals USA provides a wide range of products and services in the carbon steel, flat rolled steel, non-ferrous metals, and building products markets.