Platinum Equity acquires Metals Supply Co.

Global merger and acquisition firm Platinum Equity announced this week it has acquired steel service center and distributor Metals Supply Co. Ltd. (MSC). MSC will be integrated with steel service and distribution platform PNA Group, acquired by Platinum Equity in May 2006. "Metals Supply Company has established a strong regional presence in Texas and the surrounding states, and we think it will be a terrific complement to the existing three businesses that make up PNA Group," said Jacob Kotzubei, senior vice president for mergers and acquisitions at Platinum Equity. "We intend to integrate MSC into PNA Group, where it will operate alongside PNA's Delta Steel, Feralloy and Infra-Metals units." Houston, Texas-based MSC provides structural steel products to commercial and industrial steel fabricators, metal building manufacturers, third-party distributors and other customers. The company has annual revenues of over $100 million. PNA Group processes and distributes flat rolled and structural steel products in the US, with annual revenues of $1.5 billion.