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Article: Recapping a decade of service center consolidation: MCN puts the past 10 years of service center mergers and acquisitions in perspective.(MERGERS & ACQUISITIONS)
- Article from:
- Metal Center News
- Article date:
- September 1, 2008
CopyrightCOPYRIGHT 2008 Sackett Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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METAL CENTER NEWS has tracked every service center merger or acquisition reported in the past decade, with buyers and sellers recorded on the following chart. Since January 1998, about 270 deals were announced, not counting an unknown number of private transactions and unreported business failures that may have contributed to the market's consolidation.
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Growth through acquisition is not a strategy reserved for just the largest companies. About 125 different service centers of all sizes were involved in those 270 transactions. The Top 10 service centers in this year's MCN ranking (see page 22) accounted for about 80 of the ...