Fort Lauderdale, Florida-based national service center and steel processer, Metals USA, Inc. announced Tuesday that it has entered into a four year agreement with Lakeside Steel, Inc. to provide steel slitting and warehousing services in support of Lakeside's new steel pipe and casing mill in Thomasville, Alabama.
Additionally, Metals USA plans to construct a rail-serviced, slitting and warehousing facility adjacent to Lakeside's pipe mill in Thomasville.
Lourenco Gonvalves, Chairman, President and CEO of Metals USA said "Lakeside is a respected manufacturer of pipe and tube products for the oil country tubular goods and we are pleased to partner with them in this mutually beneficial venture in Thomasville, Alabama. The addition of a new Metals USA service center in Alabama represents another aspect of our growth strategy. In addition to making accretive acquisitions, we continue to grow organically and act on opportunities that deliver value for our stockholders."