January 17, 2017 9:25 PM ET

Metals and Mining

Company Overview of S&S Steel Services, Inc.

Company Overview

S&S Steel Services, Inc. manufactures and slits narrow width coils, round edge coils, cut to length strips, sheared to size blanks, and leveled sheets from mild carbon steel for metal stamping and roll forming industries. It offers hot and cold rolled, hot rolled pickled and oiled, and coated products; and slit coils, edged coils, cut to length strips, sheared blanks, leveled sheets, and master coils. The company also provides laser and plasma cut parts. It serves customers in the Mid-West region. The company was founded in 1986 and is based in Anderson, Indiana.

444 East 29th Street

Anderson, IN 46016

United States

Founded in 1986

Phone:

765-622-4545

Fax:

765-622-4556

Key Executives for S&S Steel Services, Inc.

Owner and President
Compensation as of Fiscal Year 2016.

S&S Steel Services, Inc. Key Developments

Motion for Asset Sale Approved for S&S Steel Services, Inc.

The US Bankruptcy Court gave an order approving the sale of substantially all its assets of S&S Steel Services, Inc. on January 11, 2016. The debtor has been authorized to sell substantially all its assets to SSSS Acquisition, LLC, an affiliate of Mill Steel Company, in a private sale for a purchase price of $0.86 million plus assumption of assumed liabilities. The assets include all tangible personal property and leasehold improvements, all intellectual property rights including rights to the name “S&S Steel” and intangible assets and the purchased inventory.

Motion for Asset Sale Filed by S&S Steel Services, Inc.

S&S Steel Services, Inc. filed a motion for sale of substantially all its assets in the US Bankruptcy Court on December 23, 2015. The debtor is seeking to sell its assets to SSSS Acquisition, LLC, an affiliate of Mill Steel Company, in a private sale for a purchase price of $0.86 million plus assumption of assumed liabilities. The debtor is selling the assets of its business of processing and distributing flat rolled steel for customers in a manufacturing facility located in Anderson, Indiana. The assets include all tangible personal property and leasehold improvements, all intellectual property rights including rights to the name “S&S Steel” and intangible assets and the purchased inventory. The debtor and buyer entered into an asset purchase agreement on December 23, 2015. The closing of the sale transaction will be held on January 8, 2016. Barnes & Thornburg, LLP acted as advisor to buyer.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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