On Friday, Marubeni-Itochu Steel America Inc. (MISA), a fully integrated network of metal processing and manufacturing facilities and sales and service offices in the United States, Canada and Mexico, reached an agreement with Steel Technologies to acquire RSDC of Michigan. The plant was previously a 50/50 joint venture between the two companies.
RSDC, which operates four Configured Blanking lines, one cut-to-length line, and one Slitter line, was established in 1997 as the primary supplier of blanking sheets to several General Motors plants.
This transaction is the latest of MISA's moves in the past several years to organize and streamline its subsidiary operations.
MISA Metal Blanking Inc. (MMB), which is also 100 percent owned by MISA, has had a plant in Howell, Michigan in the same region as RSDC. MMB has ceased operations at the Michigan plant and will move the blanking line to its Birmingham, Alabama plant. With this move, the MMB Alabama plant will operate two blanking lines.