Alro Steel announced that it has entered into an agreement to acquire certain assets of Klein Steel. Founded in 1971, Klein Steel offers carbon steel, stainless steel, aluminum, brass, copper and specialty metals for next day delivery to customers in the Northeast. In addition, they offer a full range of value-added processing services, including component manufacturing and kitting. Alro will continue to operate the Klein metals service center facilities and the Express Metals Outlets in Rochester and Syracuse, New York.
The Klein Steel team will join Alro and continue to provide quality products and next day delivery to the Northeast. Heritage Capital Group acted as the exclusive financial advisor to Klein Steel. The transaction is expected to close by the end of April 2022. This purchase will allow Alro to grow its customer base while providing improved service for cut-to-size metals in the Northeast.
