Investment from 2005-2007
Primary Steel was a leading distributor and processor of steel products serving customers across the United States from strategically located facilities (seven at closing, eight at time of sale) in close proximity to the country's major steel producers and customers. The Company's plate products ranged from basic carbon steel to high-end alloys and its coil products included hot rolled, cold rolled, galvanized, pickled and oiled, and strip mill products. The Company utilized state-of-the-art processing equipment for precision slitting, cut-to-length blanking, shearing and edging, and shape cutting. Primary's customers operate across a wide range of industries, including construction, transportation, industrial equipment and shipbuilding.
Sale of Investment
Consolidation in steel distribution and Primary's strong performance caused it to attract the attention of potential buyers, and management recommended that a sale be explored. In April 2007, Ironwood Manufacturing Fund, LP sold Primary Steel to the Namasco subsidiary of Klöckner & Co Aktiengesellschaft, returning 7.3x invested equity capital.
Member count: 11-50
Investors 2
| Date | Name | Website |
| - | Ironwood P... | ironwood-p... |
| - | Ironwood C... | ironwoodca... |