Triple-S Steel Holdings, Inc. acquires Bushwick Metals
December 2, 2019HOUSTON: Triple-S Steel Holdings, Inc. is pleased to announce that, through its subsidiary, Intsel Steel East, LLC., it has acquired the assets of Bushwick Metals, a wholesale distributor of structural steel products founded in 1919. The acquisition was completed effective December 2, 2019.
“We are excited about this opportunity to grow our business in the northeast, as well as to bring such a storied company as Bushwick back under family ownership,” said Gary Stein, CEO of Triple-S.“
Bushwick is a natural fit with our Intsel business, and we look forward to bringing their customers and team members into our family.” Bushwick Metals brings to Triple-S Steel approximately 110 employees in three locations in Connecticut, New Jersey, and Delaware. As part of Intsel Steel East, the business will be led by Rick Perlen, the great- grandson of Bushwick’s original founder. “The Bushwick team is excited and rejuvenated to once again be part of a family owned company dedicated to steel processing and distribution,” said Perlen. “We will look to leverage our combined talent, resources, global buying power, and in-depth knowledge of the Northeast market to provide a superior resource for our customers.”
About Triple-S: Triple-S Steel Holdings, Inc., was founded in 1960 by Bruce Stein. With its subsidiaries including Intsel Steel Distributors, Maas Hansen Steel, Arbor/Metals Inc., Shamrock Steel Sales, and its joint ventures including Beshert Steel Processing, Tube Supply, and NexCoil, Triple-S Steel is one of the largest family-owned businesses in the steel distribution industry. With the completion of this acquisition, it employs nearly 1,600 people in 40 locations across the United States, Canada, and South America.
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