Chicago-based Union Partners announced effective October 5, 2018, it has acquired the assets of Xcel Steel's pickling operations in Dearborn, Michigan. The division has joined Union Partners-owned Maksteel and will now operate under the name Maksteel Processing. As this transition occurs, there will be no interruption in service to customers, the company said in a press release.
The press release also said the Detroit location of Xcel Steel Processing will continue its existing slitting operations, under its current ownership.
Maksteel Processing offers a push/pull pickling line capable of processing hot rolled, high strength low alloy, and advanced high strength steel coils up to 72″ wide and 400,000 tons per year. Maksteel Processing will reportedly invest in significant upgrades to its facility and equipment, starting immediately.
"We are thrilled to announce the acquisition of Maksteel Processing [FKA Xcel Steel Pickling]," said Union Partners co-founders Chris Hutter and Paul Douglass in a joint statement. "This was a clear decision for us; not only are we gaining equipment capabilities, but also a strategic rail-served location in the heart of mill and automotive country. With this addition, we look forward to becoming an even more convenient one-stop-shop to our customers."