NIM Group acquires Tulsa plant
A northeast Nebraska-based business has announced that it will be acquiring an Oklahoma facility.
By News Channel NebraskaNORFOLK, Neb. -- A northeast Nebraska-based business has announced that it will be acquiring an Oklahoma facility.
NIM Group, a family-owned networks of steel service centers based out of Norfolk, announced Tuesday that it had entered into a definitive agreement to acquire Plateplus, Inc.’s Tulsa, Oklahoma facility. The transaction is expected to close on Friday.
The acquisition adds to NIM Group’s acquisition of Plateplus’s Windsor, Colorado plant earlier this year. NIM Group will now have eighteen locations stretching from New Jersey to Washington with daily deliveries to customers in over thirty states.
“We are pleased to welcome the Tulsa team to the NIM Group family,” Arnie Robinson, President and COO of NIM Group, said. “This facility, located in the Tulsa Port of Catoosa, is a strategic investment that aligns well with our long-term growth strategy.”
Plateplus, Inc. supplies hot-rolled steel coil, sheet, and plate from five steel service centers located throughout the U.S. Its Tulsa plant processes hot rolled steel coils into sheet and plate products.