Exclusive financial advisor to Stein, Inc. on its sale to TMS International
KPMG Corporate Finance LLC acted as exclusive financial advisor to Stein, Inc. on its sale to TMS International
KPMG Corporate Finance LLC (“KPMG CF”) is pleased to announce the sale of Stein, Inc. (“Stein”) to TMS International (“TMS”). Headquartered in Cleveland, Ohio, Stein is a leading provider of high-quality services to steel producers throughout the U.S. Its full-service operations provide metal producers with the flexibility and resources to handle a wide range of steel mill processing services, such as slag removal and metallics reclamation, scrap handling, scrap management, recycling, raw material screening, material handling, and maintenance and repair services.
"We are very excited to welcome Stein into the TMS organization," said Raymond Kalouche, TMS President and CEO. "Stein has a long and distinguished history in our industry and nicely complements our existing services that we provide to world-class steelmakers throughout the U.S. This acquisition is an excellent fit with our company and meaningfully strengthens our U.S. footprint and will provide a breadth and depth of resources and talent to us."
About TMS International
TMS is the largest provider of outsourced industrial services to steel mills in North America as measured by revenue and has a substantial and growing international presence. TMS processes slag products into aggregates suitable for use in many construction projects. Since 1926, TMS has established long-standing customer relationships and currently serves some of the world’s largest steel producers in the world.
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