In a notable development within the metal processing industry, Steel Technologies has announced the successful acquisition of TMF Center. The purchase of TMF Center, a well-regarded manufacturer of intricate metal components, represents a strategic expansion for Steel Technologies. This acquisition is set to bolster Steel Technologies' capabilities and enhance its position in the competitive landscape of metal processing.
TMF Center, headquartered in Williamsport, Indiana, is renowned for its comprehensive suite of machining and fabrication services. The company specializes in producing components from steel bar, steel plate, and castings, catering to the heavy equipment industry. TMF Center's operations include CNC machining, robotic welding, welding, powder coat painting, grinding, sawing, and forming, allowing it to serve over 40 domestic and international locations with high-quality products.
The acquisition aligns with Steel Technologies' strategy for profitable and diversified growth. Thad Solomon, President & CEO of Steel Technologies, expressed enthusiasm about integrating TMF Center into the Steel Technologies family. Solomon highlighted the value that TMF Center's technical and customer service expertise brings to Steel Technologies' expanding machining and fabrication platform. The addition of TMF Center's capabilities is expected to enhance Steel Technologies' offerings and broaden its market reach.
Lori VanMeter, President of TMF Center, conveyed satisfaction with the acquisition, praising Steel Technologies for its commitment to honoring TMF Center's legacy. VanMeter noted that the transition to Steel Technologies would ensure the continued growth and success of TMF Center’s operations, benefiting both the local community and its global customer base. This sentiment underscores the positive outlook for the integration of TMF Center into the larger Steel Technologies network.
Headquartered in Louisville, Kentucky, Steel Technologies is a prominent player in the North American metal processing sector. The company operates a broad network of facilities across the United States, Canada, and Mexico, providing value-added products and services to a diverse clientele. With the addition of TMF Center, Steel Technologies now operates 33 facilities, including joint-venture operations, further strengthening its geographic and operational footprint.
Steel Technologies is owned by NuMit, a joint venture between Nucor Corporation and Mitsui & Co (USA). Nucor Corporation, a leading steel manufacturer in North America, and Mitsui & Co, a diversified global enterprise based in Tokyo, Japan, collectively bring significant industry expertise and resources to the partnership. The acquisition of TMF Center underscores Steel Technologies’ commitment to expanding its capabilities and delivering enhanced value to its customers.
