Bushwick Metals acquires Koons Steel

Bridgeport, Connecticut-based Bushwick Metals has acquired Pennsylvania-based steel service center Koons Steel in a transaction that was finalized March 2, 2007. The new company will be called Bushwick-Koons Steel. Frank Koons III will continue to manage the Koons Steel operations at the company's 150,000 sq. ft. facility located 40 miles west of Philadelphia, in Parker Ford, Pennsylvania. Koons Steel, founded in 1935 by Frank Koons Sr., is a general line service center with customers primarily located in Pennsylvania, Delaware, and South New Jersey. The company's products include wide flange beams, pipe, tubing, flat rolled, and galvanized mini mill products. Value-added services include saw cutting, shearing, flame cutting, cambering, and bending. Bushwick Metals president Rick Perlin told the press, “Koons brings us a very talented group of employees, strong leadership, and a solid reputation within their marketplace. Their recently constructed facility is perfectly located to expand our presence into the Southern New Jersey, Pennsylvania, and Delaware markets. Combining Koons' competencies with the additional product lines of Bushwick and AZCO will create a superior resource for steel consumers in this territory." Bushwick Metals is a distributor of carbon and stainless steel structurals, plate, sheet, bars, tubular steel, decking and specialty products. The company is a subsidiary of Marmon/Keystone Corporation, a leading wholesale distributor of carbon, stainless steel and aluminum tubular and bar products, with corporate headquarters in Butler, Pennsylvania.