Mar 6 2007
Bushwick Metals has acquired Koons Steel, Inc., according to Rick Perlen, Bushwick Metals president. The transaction was finalized on March 2, 2007. The new company will be called Bushwick-Koons Steel.
Founded in 1935 by Frank Koons Sr., the firm is a general line steel service center located 40 miles west of Philadelphia, in Parker Ford, Pennsylvania. Koons' customers are primarily located in the Pennsylvania, Delaware, and Southern New Jersey region. Their extensive inventory includes wide flange beams, pipe, tubing, and flat roll products, plus numerous galvanized mini mill products. Value added services include saw cutting, shearing, flame cutting, cambering, and bending.
Frank Koons III will continue to manage the operations at their 150,000 sq.ft. facility.
"Adding our services and relationships to Bushwick's inventory, capital and marketing expertise creates a formidable company," stated Koons, "Our primary focus will continue to be quality and service. The benefits of this union for our valued customers and employees will be seen immediately."
"We are extremely excited about this acquisition," stated Perlen, "Koons brings us a very talented group of employees, strong leadership, and a solid reputation within their marketplace. Their recently constructed facility is perfectly located to expand our presence into the Southern New Jersey, Pennsylvania, and Delaware markets. Combining Koons' competencies with the additional product lines that Bushwick and AZCO avails will create a superior resource for steel consumers in this territory."
Bushwick Metals is a distributor of carbon and stainless steel structurals, plate, sheet, bars, tubular steel, decking and specialty products. The company is a subsidiary of Marmon/Keystone Corporation, a leading wholesale distributor of carbon, stainless steel and aluminum tubular and bar products, with corporate headquarters in Butler, Pennsylvania.
Marmon/Keystone and affiliated companies are members of The Marmon Group, an international association of more than 125 business units that operate independently within diverse business sectors. Member companies have collective revenues of $7 billion. http://www.bushwickmetals.com
http://www.bushwickmetals.com