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TMS International Blen Stein

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PITTSBURGH, 31 December 2020 / PRNewswire / –TMS International, a leading provider of industrial steel resource services worldwide, has acquired the business and assets of Stein, LLC and Stein Steel Mill Services, LLC, headquartered in Cleveland, Ohio.

Stein is a leading provider of high quality services to steelmakers across the US Its full-service operations provide metalmakers with the flexibility and resources to handle a wide range of steel mill processing services, such as are slag removal and metal reclamation, waste treatment, waste management, recycling, raw material handling, materials handling and maintenance and repair services.

“We are very excited to welcome Stein to the TMS organization,” he said Raymond Kalouche, President of TMS and CEO. “Stein has a long and distinguished history in our industry and beautifully complements our existing services we offer to world class steelmakers across the US This acquisition is an excellent fit with our company and significantly strengthens our footprint of the U.S. and will provide a breadth and depth of resources and talents to us. “

Highlights of the purchase:

  • Stein has a high quality customer base and more than 60 years in the industry.
  • Stein is family owned and has approximately 500 employees joining TMS.
  • Stein offers customer service in seven states: Alabama, Illinois, Indiana, Ohio, Oklahoma, PA AND South Carolina.
  • TMS plans to continue operating Stein initially under its current brand name.

About TMS International

TMS International is the largest provider of industrial industrial services to steel mills in North America as measured by revenue and has a significant and growing international presence. TMS services are essential to its customers’ 24-hour operations, enabling them to generate significant operational efficiencies and cost savings while focusing on their core steel manufacturing business. TMS processes slag products in aggregates suitable for use in many construction projects. Furthermore, TMS recycles other factory by-products for useful reuse by reducing the amount of waste a factory needs to dispose of. Since 1926, TMS has established long-standing customer relationships and currently serves some of the largest steel manufacturers in the world. For additional information, visit the company website at www.tmsinternational.com.

Statements in advance

Certain statements contained in this press release are “forward-looking statements” that reflect management’s current assumptions and assessments of future performance and economic conditions. The words “believes”, “anticipates”, “plans”, “expects”, “aims”, “estimates” or similar expressions are intended to identify future statements, although not all future statements contain such identifying words. Future statements are not a guarantee of future performance and include risks, uncertainties, estimates and assumptions. Such forward-looking statements are made in support of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that may cause actual results and outcomes to differ materially from those expressed in these future statements include the risk that the acquisition will not be successfully integrated, that the combined operations will not realize the estimated cost savings, or that the acquisition will result in other unforeseen outcomes, such as rising operating costs, loss of customer or other business disruptions. Other important factors that may influence future statements are described in our periodic reports for security holders. You should not rely unnecessarily on any of these future statements. Any forward-looking statement speaks only on the date on which it was made. We assume no obligation to update any future statements after the date of this press release as a result of new information, future events or developments other than as required by federal securities laws.

Media / Investor contact: Jim Leonard, TMS International 412-267-5226 or [email protected].

SOURCE TMS International

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